MarketFoolery: 04.23.2012
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 23 April 2012
⏱️ 20 minutes
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| 0:00.0 | Monday, April 23rd. This is Market Fullry. I'm Chris Ellen joining me in studio today for |
| 0:07.1 | Motley Full Stock Advisor, Jason Moser for Motley Full Inside Value, Joe Meager, |
| 0:11.2 | gentlemen, happy Monday. |
| 0:12.2 | Hey, happy Monday. |
| 0:12.6 | Happy Monday. |
| 0:13.6 | We're going to talk Hasbro, Pfizer, Jim Beam, |
| 0:16.6 | and yes, we will be talking about stock picking robots. |
| 0:19.4 | But we are going to start with the story of the day. Sharesares of Walmart down more than 4% on huge trading volume this morning |
| 0:28.0 | as bribery allegations in Mexico have led to fears that the company could face significant legal risks down the road. |
| 0:37.0 | This is a Motley Fool recommended stock in a couple of our services. |
| 0:40.5 | Joe, I'll just start with you. |
| 0:42.0 | Not IV. Not I. |
| 0:43.0 | Not in your service. |
| 0:45.0 | How serious a problem is this? |
| 0:48.0 | Because on the one hand, as we've talked about, you know, a lot of times you're doing business overseas this is kind of the cost of doing |
| 0:54.6 | business this however seems like a story that that could be different yeah I think |
| 1:00.7 | this is a serious cultural issue and I think that we Scott who was the CEO at the time is still on the board |
| 1:07.2 | should resign for being involved with this assuming it all comes out to be true. |
| 1:10.8 | Total lapse in judgment I can't imagine what they were thinking |
| 1:15.5 | that they could go on bribing these people, Mexican officials at such large |
| 1:20.1 | scale and then it get all the way to the CEO suite and they just sweep it under the rug like that. |
| 1:25.0 | To me it speaks to a lot of corner cutting and you can't help a wonder what else these guys are doing. |
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