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MarketFoolery

MarketFoolery: 11.05.2012

MarketFoolery

The Motley Fool

Money, Business, Motley, Business News, Stocks, News, Investing, Market, Fool

4.71.7K Ratings

🗓️ 5 November 2012

⏱️ 20 minutes

🧾️ Download transcript

Summary

Berkshire Hathaway reports a surge in 3rd quarter revenue. What will be Warren Buffett's next big buy? Netflix fights off a takeover. Who will win the battle between Netflix CEO Reed Hastings and activist investor Carl Icahn. And the NHL deals with a labor strike.

Transcript

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0:00.0

It's Monday, November 5th.

0:03.0

Welcome to Market Fullry.

0:05.0

I'm Chris Hill and joining me in studio today for Motley Fool Inside Value Joe

0:08.2

Meager and from The Great White North,

0:11.0

Mr. Jim Gillies from Motley Fool Options.

0:13.0

Good to see you, my friend.

0:14.0

Welcome back.

0:15.0

Salutations. As always, it's wonderful that they let you across the border.

0:18.0

I'm as surprised as you are.

0:19.0

We have a high stakes chess match going on over at Netflix. We will get to that in a moment, but let's start with Berkshire Hathaway

0:26.4

because after the market closed on Friday, Berkshire Hathaway reported third-quarter

0:30.7

earnings, profits up 72%, 3.9 billion in profits, Joe Maker.

0:36.0

That's, it sounds like a nice quarter.

0:38.6

Yeah, it was a good quarter.

0:39.6

I mean, Berkshire's always lumpy because it's an insurance company and they have all sorts of

0:43.2

derivatives on the books that make things really noisy but when you kind of cut

0:47.0

through that the operating companies had very good quarters Burlington Northern the

0:51.2

railway had a good quarter mid Mid American Energy also did well.

0:55.2

All around the operating companies did pretty well.

0:58.3

The insurance business is doing well.

1:01.0

GEICO had a very strong quarter and overall they seem to be trending

1:04.9

well for the year but Hurricane Sandy will probably throw a little bit of a wrench in

...

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