MarketFoolery: 06.11.2013
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 11 June 2013
⏱️ 19 minutes
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Summary
Lululemon tumbles in the wake of a surprising departure. Apple unveils a new look. And Dole produces some sweet returns.
Transcript
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| 0:00.0 | It's Tuesday, June 11th. |
| 0:03.4 | Welcome to Mark at Fulry. |
| 0:04.5 | I'm Chris Hill joining me in studio today for Motley Fool 1, |
| 0:06.9 | Jason Moser, and for a million dollar portfolio, Charlie Travers. |
| 0:10.7 | Happy Tuesday, gentlemen. |
| 0:11.7 | That's it. We're going to talk Apple in the wake of the Worldwide Development Conference. |
| 0:17.0 | Some interesting nudes with Dole Foods, that stock is shooting up today. We'll get into that as well as the latest in creative food adventures. |
| 0:28.0 | But let's start with Lulu Lemon. Lulu Lemon's first quarter earnings came in better than expected. |
| 0:36.0 | That's the big news, Charlie. |
| 0:37.0 | The bigger news is that CEO Christine Day is resigning in a statement she said, it's the right time for a change apparently investors |
| 0:46.1 | disagree because the stock was down more than 15% this morning this |
| 0:50.6 | seemed to be out of the blue. |
| 0:53.0 | It seemed to be, but they had some quality control problems earlier in the year with their pants actually turning out to be see-through. |
| 1:00.0 | And it seems like she's taking the fall for that despite what is actually a really good |
| 1:04.4 | five-year track record at the company. |
| 1:06.4 | Yeah, she's been there five and a half years and I mean just based solely on the |
| 1:10.4 | performance of the stock you can't be anything but thrilled with her |
| 1:14.2 | performance absolutely uh... sales are up five fold and profits up nine times over |
| 1:19.7 | since she took the reins in June of 2008. |
| 1:24.0 | And you would think, wow, you've done a bang up job. |
| 1:26.7 | Job is yours for life if you want it. |
| 1:28.4 | But apparently, that's not the case. |
... |
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