MarketFoolery: 11.26.2013
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 26 November 2013
⏱️ 20 minutes
🧾️ Download transcript
Summary
Men’s Wearhouse turns the table on Jos. A. Bank with a $1.5 billion bid. Just in time for Thanksgiving we share a few things in the world of business and investing that we’re thankful for, as well as a few turkeys.
Transcript
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| 0:00.0 | It's Tuesday, November 26th. |
| 0:04.0 | Welcome to Market Foolery. |
| 0:05.0 | I'm Chris Hill joining me in studio today from Fool.com, David Hanson and Morgan |
| 0:09.7 | how is all. |
| 0:10.7 | Happy Tuesday guys. |
| 0:11.7 | Hey, same to you. We're going to talk retail, we're going to talk Thanksgiving, and yes speaking of Thanksgiving. |
| 0:18.0 | It is a short week for us here at Market Foolery. |
| 0:20.0 | This is it for the week, so we're off tomorrow. We're off for Thanksgiving. We will be back on Monday. |
| 0:26.0 | Fortunately, I'm reminded with David Hanson sitting right next to me that where the money is, |
| 0:32.0 | if you're not listening to the where the money is |
| 0:33.9 | podcast you should be you should be checking it out so that that is that is |
| 0:38.6 | available to help get you through Thanksgiving week all All right, let's start, however, |
| 0:45.3 | with an industry that frankly I didn't think of |
| 0:47.6 | as being particularly intriguing and turns |
| 0:50.5 | I'm wrong, at least based on recent recent events and that is men's apparel retail |
| 0:56.0 | Just a quick reminder last month Joseph a bank offered to buy men's warehouse for 2.3 billion. |
| 1:03.2 | Men's warehouse immediately said no, David, they also immediately adopted a poison pill to prevent |
| 1:10.4 | a hostile takeover. |
| 1:12.0 | And then today, they turned the tables on Joseph A Bank and |
| 1:15.1 | they offer to buy them out for one and a half billion. Both stocks are up so |
| 1:21.3 | clearly there are a lot of investors who love the idea of these two companies getting together |
| 1:26.0 | yes so men's warehouse rejected the deal and the one of the reasons they rejected is |
... |
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