It's Wednesday, September 4th.

Welcome to Market Fullry.

I'm Chris Hill joining me in studio today

from the million dollar portfolio, David Meyer,

and from Motley Fool's Supernova, Matt Argusinger.

Happy Wednesday.

Ho! I mean that yeah it's a nice one Wednesday

just comes just two days into the work week. That's the beauty of the short work

week. So early. We're going to talk Apple and a couple of bits of news around

Apple. We're going to talk about Abercrombie and Fitch and the style guidelines that have been issued for employees which are pretty

interesting to say the least but let's start with LinkedIn because LinkedIn

is down a little bit this morning after the company filed paperwork with the

SEC to sell a billion dollars worth of stock in a secondary offering.

Maddie they say they're going to use the cash for product development international offering. out that the stock has more than doubled year to date so far but you actually think

people who are selling this off are making a mistake?

I think so because I think this is a great capital allocation move by LinkedIn.

I mean there's listen there's no better time to raise money

when you don't need it and your stock is near an all-time high. I mean, and so many companies

don't do it and I'm really happy to see LinkedIn doing it because right they I mean they they don't

need the cash their balance sheet is in great shape they have something like 800

million in net cash they made something like 250 million in free cash for

or last 12 months.

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