MarketFoolery: 07.10.2012

MarketFoolery

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🗓️ 10 July 2012

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

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Summary

Shares of Alcoa slip after the company reports earnings. Mako Surgical lowers its forecast and shares plunge. And Campbell's makes a healthy acquisition.

Transcript

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0:00.0	It's Tuesday, July 10th.
0:04.0	Welcome to Market Fullery.
0:05.0	I'm Chris Hill joining me in the studio today
0:07.0	from Motley Full Pro, Jeff Fisher,
0:09.0	and for Motley Fool Inside Value,
0:11.0	Joe Meager.
0:12.0	Guys, good to see you.
0:13.2	Morning.
0:14.2	It's my mom's birthday today.
0:15.8	I'm just going to throw the happy birthday mom.
0:17.5	Yeah.
0:17.9	She doesn't listen to the podcast, but you know.
0:19.7	She'll have to today.
0:20.6	No, no, she doesn't have to. She doesn't have to do anything. Exactly. Just have some
0:26.0	cake. She's at that age. You know when you're 82 you can pretty much do whatever you want.
0:30.0	We've got Alcoa, we've got MAosurgical, we've got a big deal with Campbell's soup, but we're going to start with
0:37.2	Alcoa because Alcoa kicked off earnings season after the market closed on Monday, and Joe
0:42.4	Meager earnings per share 81% lower than a year ago
0:48.0	I'm not an expert in the steel industry but boy that sounds like a really bad number. Yeah that's a big change in
0:55.6	percentage terms. A big thing to remember with these cyclical companies like
0:59.9	Alcoa is they have really high fixed costs and so earnings are really sensitive to
1:05.3	changes in revenue so that's always going to be a going concern with companies
	...

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