MarketFoolery: 05.22.2012
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 22 May 2012
⏱️ 21 minutes
🧾️ Download transcript
Summary
Facebook continues its slide. Best Buy promises big changes. JP Morgan suspends its share buyback. And Volvo unveils a new engine.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | It's Tuesday, May 22nd. This is Market Fullry. I'm Chris Hill joining me in studio today |
| 0:06.6 | for Motley Full Stock Reviser, Jason Moser, from Motley Fool Special Ops, Mike Olson, and |
| 0:10.9 | from Motley Full Inside Value, Uncle Joe Maker. |
| 0:13.1 | Gentlemen, good up, good to see you. |
| 0:16.3 | We will get into the latest from Best Buy, |
| 0:18.2 | J.P. Morgan Chase, and the future of the automotive industry. |
| 0:21.3 | But we are going to begin again with Facebook. |
| 0:24.8 | Day three for Facebook is a public company and the slide continues shares down another |
| 0:29.6 | three percent this morning. |
| 0:32.3 | Facebook is now trading about 15% below where at IPO Joe |
| 0:36.2 | Maker. What do you make of all this? Is that bad? Is that bad? That's a bumpy start. |
| 0:40.8 | Yeah, that's pretty terrible. I mean this has been a total |
| 0:43.6 | disappointment and flop for pretty much everyone involved. The way the stock has dropped |
| 0:48.1 | has been a black eye for Morgan Stanley, was the lead underwriter, it's a black eye |
| 0:51.8 | for Facebook because they wanted their stock to go |
| 0:54.0 | strong out of the gate. It's disappointing if you're employee and you've got a lot of options there. |
| 0:58.5 | If you, or someone who bought the stock at the IPO thinking you're going to make a quick buck. |
| 1:02.8 | Shame on you, but also, yeah, it's definitely... |
| 1:05.8 | We tried to warn you. |
| 1:07.2 | We did. |
| 1:08.2 | I don't think we could have been any clearer about how you should not have bought into this |
| 1:11.4 | IPO. But it's been a total flop all around and |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from The Motley Fool, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of The Motley Fool and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

