MarketFoolery: 05.02.2012
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 2 May 2012
⏱️ 19 minutes
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Summary
Chesapeake Energy's CEO generates more controversy. Mastercard and Papa John's serve up big earnings.
Transcript
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| 0:00.0 | It's Wednesday, May 2nd. This is Market Foolery. |
| 0:05.0 | I'm Chris Hill joining me in studio today for a million dollar portfolio Charlie Travers, |
| 0:09.0 | for Motley Fool Pro Jeff Fisher, and for Motley Pool Inside inside value Joe Meager. |
| 0:13.0 | Gentlemen, happy Humpty. |
| 0:15.0 | I'm sure. |
| 0:17.0 | It's Wednesday, come on. |
| 0:18.0 | You haven't heard of Wednesday referred to as Humpty? |
| 0:21.0 | Oh, he just caught me off guard. |
| 0:22.0 | Get your mind out of the counter. All right, we've got earnings from MasterCard and Papa Johns. We will have a preview of this weekend's Berkshire Hathaway annual meeting with our own Joe Maker who will be attending. |
| 0:34.5 | But we have to start, once again, we got to start with Chesapeake Energy. |
| 0:39.2 | Yesterday, if you recall from yesterday's episode, we talked about how Aubie McClendon the |
| 0:44.5 | CEO is stepping down as chairman and he's going to be ending his the founder |
| 0:49.8 | well participation program about 18 months early and I mentioned that Peter |
| 0:55.0 | Miller who is the lead independent director on the board of directors at Chesapeake |
| 0:59.4 | he's also the CEO of National Oil Varko had this to say, this should send a positive signal to the market |
| 1:06.0 | and improve shareholder value. |
| 1:08.8 | And you know what? |
| 1:10.0 | It did for about eight hours yesterday. |
| 1:12.8 | Charlie, that was yesterday today. |
| 1:14.3 | Reuters is reporting that Aubrey McClendon |
| 1:17.5 | ran a $200 million hedge fund that traded |
| 1:21.6 | the same commodities that Chesapeake Energy produces. This is a that If you thought the last shoe had dropped on the Chesapeake story, you're proven grossly wrong this morning with this Reuters story. |
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