MarketFoolery: 04.17.2012
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 17 April 2012
⏱️ 19 minutes
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Summary
Goldman Sachs reports better-than-expected earnings. Johnson & Johnson reports an increase in quarterly profits but shares slide. Shares of Coca-Cola hit a 14-year high. And the New York State Supreme Court dismisses Howard Stern's lawsuit against SiriusXM.
Transcript
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| 0:00.0 | It's Tuesday, April 17th. This is Market Fullery. I'm Chris Helen joining me in studio today |
| 0:06.5 | from Motley Full Inside Value Joe Meager, for Motley Full Stock Advisor, Jason Meiser, |
| 0:10.7 | and for a million dollar portfolio Ron Gross. |
| 0:13.0 | Gentlemen, we've got the crew here today. |
| 0:15.0 | We've got the big three. |
| 0:18.0 | We got a lot going on, so we need the big three. |
| 0:20.0 | We've got earnings from Johnson and Johnson and Coca-Cola. |
| 0:24.0 | Serious XM got a victory in court. |
| 0:26.0 | We're going to start with Goldman Sachs. |
| 0:29.0 | Goldman Sachs first quarter profit fell less than Wall Street was expecting. |
| 0:33.4 | Joe Maker, I'll start with you. |
| 0:34.8 | Shares basically flat on the earnings news. |
| 0:38.2 | What did you think of their quarter? |
| 0:39.2 | I didn't think there were any real surprises here. |
| 0:41.2 | I was happy with it. |
| 0:42.1 | I'm a Goldman shareholder recommended |
| 0:43.7 | at IV. Basically what I was looking for was decent enough results because what |
| 0:48.8 | you're looking at is investor right now is a company that's selling the stock selling a discount to tangible book value, |
| 0:55.0 | which is a screaming bargain price, especially for business that's actually making money. |
| 1:00.6 | We're going to see a rebound in investment banking activity. |
| 1:03.0 | They're going to be a big winner and take part in that, |
| 1:05.0 | and I'm very happy to own the shares right now. |
... |
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