MarketFoolery: 05.24.2011
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 24 May 2011
⏱️ 13 minutes
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Summary
Russian search engine Yandex surges on its first day of trading. The U.S. Treasury prepares to unload its stake in A.I.G. And Ford develops a seat that can monitor a driver's heart and provide an early warning of a heart attack.
Transcript
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| 0:00.0 | It's Tuesday, May 24th, and this is Market Fullery. |
| 0:05.0 | I'm Chris Hill and joining me in studio today from Motley options, Jim Gillies. |
| 0:09.0 | Howdy? |
| 0:10.0 | From Global Gaines, Tim Hanson, and from Motley Fool Asset Management, Bill Barker. |
| 0:14.4 | Guys, good to see. |
| 0:15.7 | Yeah, we usually wait no curse finishes before we say hot. |
| 0:18.1 | Oh, sorry, I was listening to the one this morning when Otter was chopping in every two seconds. |
| 0:20.6 | It's Jim Gillies first time, let's be gentle. |
| 0:22.4 | There we go. All right, we have news from AIG and Ford in a moment but first another day another off the |
| 0:28.0 | charts IPO for an internet company. Today it's Yandex the number one search engine in Russia. |
| 0:35.0 | Shares went public at 25, spiked more than 40 percent and now trading in the mid-30s. |
| 0:41.0 | Tim, what do you think? |
| 0:42.0 | Yandex, is it the next Google or is it the next Wren |
| 0:44.5 | Wren you know the most remarkable thing about this is that this may be the first |
| 0:48.3 | emerging market tech IPO we've seen this year that that may not be totally unjustified in terms of its current |
| 0:55.2 | value. Now it's expensive and today's pop is big and it's being valued at about |
| 0:59.6 | eight billion dollars but there are at least three things worth noting one is that this is a real |
| 1:04.2 | business that makes money I'm like I'm like some of these I'm like some of these I'm like |
| 1:08.2 | some of these things that have come public at multi-billion dollar evaluations |
| 1:11.1 | Yandex's search engine in Russia is by far number one. |
| 1:14.6 | It's beating Google and it's doing so in a market that I'm like China. |
| 1:18.4 | Google doesn't suffer from a firewall or anything like that in Russia. |
... |
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