MarketFoolery: 07.11.2012
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 11 July 2012
⏱️ 17 minutes
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Summary
Shares of electronics retailer Hhgregg plunge after the company lowers its earnings forecast. And a leader in the cable television industry makes some suprising comments about the future of television.
Transcript
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| 0:00.0 | It's Wednesday, July 11th. |
| 0:04.0 | Welcome to Market Foolery. |
| 0:05.0 | I'm Chris Hill and joining me in studio today |
| 0:07.0 | for Motley Fool 1, Jason Moser, |
| 0:09.0 | and for Motley Full Inside Value Joe Maker. |
| 0:11.0 | Gentlemen, good to see you. |
| 0:12.0 | Hello. We're going to to see you. Hello. |
| 0:13.0 | We're going to dig deep into the cable TV industry. |
| 0:16.0 | We're going to talk a little 7-Eleven because, you know, it's 7-Eleven day. |
| 0:19.0 | It's, you know, it's July 11th. |
| 0:21.0 | But we're going to start in the world of big box retailers shares of H.H. Greg down more than 35% this morning after the company cut its full year forecast. |
| 0:35.0 | Jason, we talked a lot in this room about Best Buy, |
| 0:39.0 | but clearly Best Buy is not the only publicly traded electronic store that is facing some significant headwinds. |
| 0:46.2 | Clearly, clearly. |
| 0:48.0 | Yeah, I mean that last earnings quarter when I looked over H. H. H. Greg situation. You know, |
| 0:55.0 | management seems to be doing a lot of good things and really trying to to |
| 0:59.2 | manage the business through a tough time, but I called it at the time a spicy meatball and right now I think you know unfortunately |
| 1:06.6 | we're a burnt heartburn yeah we're feeling a lot of heartburn from today because they |
| 1:10.0 | they cut guidance for this fiscal for the entire year and yeah they see just a |
| 1:15.4 | lackluster year in general and the biggest problem is that the weak demand and |
| 1:20.7 | video continues basically TVs in, and I think that, you know, part of this is because we're in a period of time where the TV is being redefined. |
| 1:29.0 | Whether it's an iPad or an iPhone or any other tablet device, the TV is being redefined how we watch TV, we get |
... |
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