MarketFoolery: 05.09.2013
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 9 May 2013
⏱️ 26 minutes
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Summary
Tesla Motors reports a quarterly profit. Green Mountain Coffee Roasters perks up on earnings news and a Starbucks partnership. Groupon delivers a smaller-than-expected loss. And Barnes & Noble surges.
Transcript
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| 0:00.0 | It's Thursday, May 9th. |
| 0:03.0 | Welcome to Mark of Fullery. |
| 0:04.0 | I'm Chris Hill joining me in studio today from Motley Fool Pro and Options, Jeff Fisher, and Brian Hamming. |
| 0:10.0 | Good to see you guys. |
| 0:11.0 | Thanks for coming in. Hey Chris. |
| 0:12.0 | Hey Chris. Thanks for coming. Making the trip all the way from your desk |
| 0:15.1 | I say that like it's this massive journey |
| 0:17.3 | i thought you meant like thanks for coming into the office today which you could also |
| 0:20.8 | say like you're Jim Gillies coming over the border. More earnings |
| 0:26.8 | news, Tesla Motors, Green Mountain, Groupon, and a very interesting story about Microsoft and this is going to shock some of our |
| 0:35.5 | listeners reportedly Microsoft is going to make an acquisition. I know that's out of |
| 0:40.8 | character for them but we'll get to that. |
| 0:44.1 | For the first time in its 10 year history, Tesla Motors has reported a quarterly profit. |
| 0:50.3 | Jeff, 11 million in profit in the first quarter, revenue up 83% from the previous quarter. |
| 0:58.1 | Not surprisingly, shares up big this morning. |
| 1:00.6 | So the company is starting to mature a little bit as a company, but it's still only a boutique car business. |
| 1:08.0 | They sold 4,500 cars in the quarter. They expect to sell about 21,000 this year for comparison sake. |
| 1:15.0 | Ford alone sells more than 2 million a year. |
| 1:18.0 | So it's a tiny little company. |
| 1:20.0 | That said, obviously good news, even though on an operating basis they still ran at a small loss but on a net basis they had a small profit and they had some a little bit of free cash flow so that that's great but looking forward it's going to be a company |
| 1:35.4 | that has to almost surely raise more capital and now might be a good time but the shares |
| 1:40.2 | up so much you sell some shares raise some capital capital. So over the years, if you're looking |
... |
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