MarketFoolery: 09.10.2012

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🗓️ 10 September 2012

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

Shares of AIG tumble after the Treasury announces that it's selling a big part of its stake in the insurance giant. Shares of Green Mountain rise after the company announces that it will sell some non-coffee drinks.

Transcript

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0:00.0	It's Monday, September 10th.
0:04.0	Welcome to Market Fullery.
0:05.0	I'm Chris Ellen joining me in studio today
0:07.0	from Motley Fool 1, Jason Moser,
0:09.0	and for Motley Full Inside Value Joe Maker.
0:11.0	Gentlemen, happy Monday.
0:12.0	Yo-Woey. It is a new week. Gentlemen, happy Monday. Yewe.
0:13.0	It is a new week.
0:14.0	We've got a copy stock on the rise.
0:16.0	We have a revolutionary new food hitting the shelves and we will dip into the full mail bag.
0:21.0	But we're going to start today with AIG the insurance giant
0:25.2	shares fell about 1.5% this morning after the US Treasury Department said
0:30.4	it will sell 18 billion dollars worth of shares if you're scoring at home
0:35.8	this takes Uncle Sam's steak from 53% of the company down to about 20% and as
0:42.4	always if you're not scoring at home.
0:44.0	What are you doing? Try Flowers.
0:46.0	Joe AIG is going to buy back about 5 billion of the shares and the rest is going to be available to the public.
0:53.7	This is a company I know that you watch closely.
0:56.6	What do you think of this?
0:57.6	Are you surprised by the timing?
0:58.6	Because it was just a couple of weeks ago, we were talking about how the Fed had closed out their stake.
1:03.4	I'm surprised by the magnitude.
	...

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