MarketFoolery: 06.25.2013
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 25 June 2013
⏱️ 23 minutes
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Summary
Barnes & Noble reports a bigger-than-expected fourth-quarter loss. Home prices record their biggest annual gain in 7 years. And Walgreens reports anemic growth in its same-store sales.
Transcript
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| 0:00.0 | It's Tuesday, June 25th. |
| 0:04.0 | Welcome to the market foolery. |
| 0:05.0 | I'm Chris Hill joining me in studio today from Motley 1, |
| 0:08.0 | Jason Moser and from The Fool. |
| 0:10.0 | Matt Koppenifer. |
| 0:11.0 | Good to see you, gentlemen. |
| 0:12.0 | How's it going? |
| 0:13.0 | It's going pretty good. |
| 0:14.0 | We're going to talk, we're going to talk some big macro stuff, some housing, durable goods, |
| 0:18.0 | we've got some earnings to hit. |
| 0:20.0 | We're going to dip into the full mail bag. |
| 0:22.0 | Let's start with earnings from Barnes and Noble. |
| 0:25.0 | I should point out that up until yesterday, shares a Barnes and Noble year to date, up about 25%, much better |
| 0:31.0 | than Amazon, but of course that was as of yesterday. Today not so much. |
| 0:36.0 | Fourth quarter losses were more than double third quarter losses and the nook |
| 0:41.4 | division which once upon a time Jason I looked at the nook |
| 0:45.0 | as maybe the hail mary pass that would possibly save this company nook division |
| 0:51.2 | down 34% and now they're basically getting ready to put it out to |
| 0:56.1 | pasture is that right well I don't know that they're gonna put it out to |
| 0:58.8 | pasture it looks like they're just gonna stop making them well no I think what |
| 1:01.5 | what they're doing from what I from what I read it if I'm |
| 1:03.7 | understanding correctly is they're going to take the e-reader nooks and they're |
... |
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