MarketFoolery: 05.20.2013
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 20 May 2013
⏱️ 21 minutes
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Summary
Yahoo buys Tumblr for $1.1B. Campbell’s Soup reports strong 3rd-quarter earnings. And JC Penney gets two very different price targets from competing Wall Street analysts.
Transcript
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| 0:00.0 | It's Monday, May 20th. |
| 0:03.6 | Welcome to the market foolery. |
| 0:04.9 | I'm Chris Hill joining me in studio today. |
| 0:07.0 | From Motley Fool 1, Jason Moser and from Motley Fool's |
| 0:09.4 | Hidden Gems, Chief Investment Officer Andy Cross. |
| 0:12.2 | Happy Monday, gentlemen. |
| 0:13.2 | And a good week to you, sir. |
| 0:15.2 | We got a lot going on. |
| 0:16.7 | We got obviously the big news from Yahoo. |
| 0:19.3 | We've got some killer earnings from Campbell's soup and how should we put this the battle |
| 0:26.1 | of competing price targets with respect to jacie penny but let's start with Yahoo |
| 0:31.7 | Yahoo is buying t for 1.1 billion. |
| 0:36.0 | Tumblr the very popular blogging platform and Marissa Mayer, the CEO, she's been on the job less than a year. |
| 0:45.1 | This is her seventh acquisition. |
| 0:47.5 | And Jason, I was saying to Andy earlier this morning, |
| 0:50.5 | I love the fact that when she made the official announcement the second sentence from CEO mayor was |
| 0:56.9 | We promise not to screw this up |
| 1:00.0 | Yeah, I read that too. I you know I'm a little bit torn on this one. I mean I I get what they're doing but |
| 1:06.2 | Excuse me. I think what we're witnessing is really the Facebookization of Yahoo |
| 1:10.1 | And I mean to this point when you look at something like a Google or a Facebook I mean that's the social network out there |
| 1:15.7 | That social network movement and so really what Yahoo has been lacking up to this point is that social network dynamic and and I think that's what this deal primarily is about. |
| 1:25.6 | So I mean, I get it from that perspective. |
... |
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