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MarketFoolery

MarketFoolery: 03.21.2011

MarketFoolery

The Motley Fool

Money, Business, Motley, Business News, Stocks, News, Investing, Market, Fool

4.71.7K Ratings

🗓️ 21 March 2011

⏱️ 12 minutes

🧾️ Download transcript

Summary

Warren Buffett takes stock of Japan. AT&T announces plans to buy T-Mobile. Citigroup resumes its dividend and announces plans for a reverse stock split. And Twitter celebrates its fifth birthday.

Transcript

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0:00.0

It's Monday, March 21st, and this is Market Fullery.

0:05.0

I'm Chris Hill and joining me in studio today from Motley Fool Global Gaines,

0:09.0

Tim Hanson, from Income,

0:11.0

James Early, and from Motley Fool Asset Management Bill Mann.

0:14.6

Guys, happy Monday.

0:15.6

Happy Monday, Chris.

0:16.6

We got a big telecom acquisition, news about Citigroup's stock and Twitter's birthday, but once again we will begin overseas.

0:25.2

There is continuing unrest in the Middle East, but the nuclear situation in Japan appears

0:29.4

to be stabilizing.

0:31.2

And speaking of Japan, that's my awkward transition, Warren Buffett was in South Korea on business and said that despite the events of the past 10 days, he's not looking at Japan's economic future any differently and that the events

0:43.5

quote offer a buying opportunity. Tim Hanson I'll start with you you agree.

0:47.5

Well you know Japan's economic future wasn't super bright before this happened so it's not necessarily you know this isn't like

0:54.9

You're getting a 30% haircut on a great growth story, but I think Buffett is correct in looking at a number of Japanese companies that have been unfairly sold off.

1:04.8

In my opinion over the past week or so, obviously there's no reason to make light of the

1:09.4

tragic events in Japan or the still looming risk for nuclear disaster, but it looks like they're getting

1:16.0

some of these things under control and there are a lot of Japanese companies that are multinationals

1:21.0

doing a really nice job of expanding in Asia you know and you think

1:24.4

about something like a fast retailing which I think I talked about last

1:27.3

week you know which runs a retail chain called Uniclo and they've got a you know

1:31.4

a flagship store in New York and they're very big in Japan right now,

1:34.0

but they're expanding in Asia.

1:36.0

They've got a really popular concept, and their clothes are better tailored

...

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