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MarketFoolery

MarketFoolery: 06.13.2011

MarketFoolery

The Motley Fool

Money, Business, Motley, Business News, Stocks, News, Investing, Market, Fool

4.71.7K Ratings

🗓️ 13 June 2011

⏱️ 11 minutes

🧾️ Download transcript

Summary

Shares of Timberland spike after VF Corp. agrees to buy the footwear company. Wendy's/Arby's Group agrees to sell most of its Arby's chain to private investors. And Dallas Mavericks owner Mark Cuban celebrates his first NBA championship.

Transcript

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0:00.0

It's Monday, June 13th, and this is Market Fullry.

0:05.0

I'm Chris Helen joining me in studio today for a million dollar portfolio Ron Gross,

0:10.0

from Stock Advisor Jason Moser and from Inside Value, Joe Meager.

0:13.7

Guys, good to see him.

0:15.0

Hello.

0:16.0

Wendy's is selling Arby's and a Macy's ad in the Miami Herald is making headlines.

0:21.5

We will get to those stories in a moment, but first, VF Corporation,

0:25.3

whose apparel brands include North Face, Wrangler, and Nautica has agreed to buy Footwear

0:30.7

company Timberland for about $2 billion.

0:34.0

Jason, this is a stock advisor recommendation, Timberland is.

0:38.0

From last fall at about $18 a share, shares are up about 40% today.

0:42.0

It's now trading somewhere north of 42 so suffice to say a good day for

0:47.1

Timberland shareholders a very good day. Yeah, it'll take away any Monday

0:50.5

morning blues that any of those Timberland holders might have been having.

0:54.8

But I mean I think overall I mean I think it's actually a really good deal for VF and for

0:59.4

Timberland. I mean if you look at the VF corporation they actually have the catalog of brands that include things like

1:04.8

Nautica and the North Face and even Wrangler and Lee Jeans, Chris.

1:09.4

Remember those?

1:10.4

Well, sure, I mean, he's wearing them right now.

1:12.1

Look at his closet. But I mean,'s wearing him right now. Look at his closet.

1:13.0

But I mean if you look at it, it's uh, uh, timberland it actually has a pretty big

1:17.4

global reach so, so for VF it gives them a chance to get, it's not only shoes, it's

...

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