MarketFoolery: 09.18.2014

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4.7 • 1.7K Ratings

🗓️ 18 September 2014

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

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Summary

As Alibaba gears up for the biggest IPO in history, Motley Fool Funds analyst Tim Hanson shares why he has no interest in the stock. Plus we analyze the business of the NFL, one company’s disappearing CEO, and things to do when you’re visiting Washington, DC.

Transcript

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0:00.0	It's Thursday, September 18th. Welcome to March Foolery. I'm Chris
0:05.1	Bell joining me in studio today for Motley Full Funds, Tim Hanson. Happy
0:09.2	Thursday. Thank you, sir.
0:10.8	Alibaba, going public tomorrow.
0:13.2	Boom, finally.
0:14.6	We've been getting some inquiries.
0:18.4	Let's talk about it.
0:20.5	I don't think there's anyone who thinks that this is going to be an IPO that does anything other than make a huge pile of money
0:28.3	That seems to be the direction it's heading and yet I'm curious what you think, I guess let's talk about the IPO and then we can
0:36.6	get into the business because let me just hit you with something I read today and this is probably
0:41.7	not news to you but it was news to me and I'm reading from
0:45.1	one of CNN's websites. Investors who buy the stock don't technically get to
0:51.2	own the company.
0:52.6	Jack Ma, CEO, founder.
0:55.7	Founder, CEO.
0:57.3	Jack Ma and a group of Chinese citizens who founded and help run Alibaba
1:01.0	are still the technical owners of the company's assets. Rather
1:04.3	investors simply get the rights to the profits that are sent to a holding company
1:08.2	known as a variable interest entity which is based in the Cayman Islands because of course that's
1:14.5	where you're gonna base something like that. So just on the surface of that that
1:19.0	makes me think well wait a minute is that is there a height is there a heightened level of risk
1:26.6	When this is the setup for investors. Yes, okay next question is is it Is it such a heightened level of risk that you yourself, regardless of how big Alibaba is and how dominant a market share the company has is this a situation
	...

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