MarketFoolery: 04.30.2012
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 30 April 2012
⏱️ 16 minutes
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Summary
Microsoft and Barnes & Noble make a deal. Sunoco gets some new energy. And an Australian billionaire launches a titanic endeavor.
Transcript
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| 0:00.0 | It's Monday, April 30th. This is Market Fullry. I'm Chris Hill in |
| 0:05.9 | studio today for a million dollar portfolio, Charlie Travers, |
| 0:08.8 | from Motley Full Inside Value, Joe Meager. Happy Monday, guys. |
| 0:13.0 | Hey Chris. |
| 0:14.0 | Thank you. |
| 0:14.4 | Last week it was all earnings all the time. |
| 0:16.9 | Today it's all deals. |
| 0:18.8 | We've got deals in the energy and beverage industries. We may have a travel deal for you, but first |
| 0:25.4 | we're going to get to the deal of the day. Shares of Barnes and Noble up more |
| 0:29.8 | than 60% this morning on the news that Microsoft will invest 300 million in Barnes and |
| 0:36.1 | Noble's Nook Digital Book and College Text businesses. Charlie, there's going to be a |
| 0:41.8 | new subsidiary for the businesses. |
| 0:44.0 | Microsoft has a stake of about 17.5% in it. |
| 0:48.0 | It values this subsidiary at 1.7 billion, which is roughly twice what Barnes and Noble's total market cap was a week ago. |
| 0:57.0 | A lot of threads to get in here. |
| 1:00.0 | Just first and foremost, when you first heard about the deal what did you |
| 1:03.2 | think I'm glad I don't short stocks for a living that this is a company a lot of us |
| 1:07.7 | have left for dead I mean we saw no way Barnes & Noble would compete with Amazon |
| 1:11.5 | or Apple and here they are pulling a rabbit out of |
| 1:14.3 | their hat I see the deal as win-win for both parties it allows Barnes and |
| 1:19.4 | Noble to focus on relationships with the content producers, whether it's book publishers or magazines |
| 1:26.2 | or newspapers, as well as the relationships with its customers, and it lets the hardware |
... |
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