MarketFoolery: 02.24.2011

MarketFoolery

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4.7 • 1.7K Ratings

🗓️ 24 February 2011

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

General Motors reports its first annual profit in seven years. Apple shareholders reject a call for the company to disclose its succession plan. Frito-Lay gets a brand new bag.

Transcript

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0:00.0	It's Thursday, February 24th, and this is Market Fullery.
0:05.6	I'm Chris Hill and joining me in studio today from Motley Fool Hidden Gems,
0:09.0	Seth Jason.
0:10.0	Hello! And from Motley Fool Asset Management, Bill Mann and Bill Barker.
0:13.8	Guys, good to see you.
0:14.9	Thanks, Chris.
0:15.8	On today's show, news from Apple's shareholder meeting,
0:18.9	and Frido Lays got a brand new bag.
0:21.6	But we begin with General Motors guys the losing streak is over
0:25.4	cue the trumpets today GM posted fourth quarter profits of five hundred ten
0:30.3	million and reported a 4.7 billion profit for 2010 ending a seven year
0:36.1	string of annual losses. Bill Barker, despite all the good news, shares a GM down
0:41.9	today. What gives? gives well you know GM came back
0:45.2	into the public markets in November so this is the first quarterly report since
0:49.3	then and I think that the analyst expectations were not finely honed going into this.
0:55.4	Normally there's a lot of back and forth between a company and the analyst.
1:00.1	Sounds like you're being polite.
1:01.8	Well, I, I, you mean that I'm saying the analyst didn't know what was going to happen because they weren't
1:07.2	told what was going to happen ahead of time?
1:09.2	Kind of, yeah.
1:10.2	Well you could phrase it that way if you want to, Chris.
1:12.2	Hey, it's not easy trying to guess what's going on in this monster.
	...

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