MarketFoolery: 07.30.2013
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 30 July 2013
⏱️ 22 minutes
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Summary
Coach drops on weak earnings and a drop in same-store sales. Plus we analyze the latest from 3D Systems, National Oilwell Varco and Barnes & Noble.
Transcript
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| 0:00.0 | It's Tuesday, July 30th. |
| 0:04.0 | Welcome to Markatory. |
| 0:05.0 | I'm Chris Hill joining me in studio today from Motley Full 1, |
| 0:08.0 | Jason Moser, and for a million dollar portfolio, Dave Meyer. |
| 0:11.0 | Good to see you gentlemen. |
| 0:12.0 | Good day to you. It is not a good day for the |
| 0:15.5 | companies we're about to speak of. It is a lot of red out there in the market today |
| 0:21.6 | and we're going to focus on the latest |
| 0:23.8 | earnings from coach from 3D systems national oil well varco and we will wrap up |
| 0:29.3 | with a a troubled retailer but let's start with Coach shares at one point down 10% this morning. |
| 0:36.5 | Fourth quarter revenue came in much lower than expected and maybe this has nothing to do with |
| 0:42.0 | anything but oh by the way the company also announced |
| 0:44.9 | that the chief operating officer and the person who is the president of the North American |
| 0:49.9 | group, both those people are leaving and that's I don't know is there is this one of |
| 0:55.0 | those where there's smoke there's fire or does it have nothing to do with |
| 0:57.7 | anything lot of eye-catchers in this release no doubt about that I mean when you look |
| 1:01.4 | at leadership changes like that to go with |
| 1:03.5 | missing your sales numbers you don't have anywhere to go really butt down Chris |
| 1:07.2 | and that's what we're seeing today for sure. I mean there there are some |
| 1:10.8 | positives and negatives I think think, with this report. |
| 1:14.0 | And they did miss their sales numbers, but by the same token, they did grow the top line in their |
| 1:20.5 | North America segment and their international segment which is good. |
... |
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