More Dealmaking On The Way?

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The Motley Fool

Business, Investing

4.4 • 3K Ratings

🗓️ 23 May 2022

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

It’s not quite Merger Monday, but it’s close! (0:25) Jason Moser discusses:
- Starbucks becoming the latest U.S. business to exit Russia

- VMWare shares popping 20% on reports it will be acquired by Broadcom

- The chances more companies with deep pockets will start buying companies at lower valuations

(13:55) Nick Sciple and Asit Sharma take a closer look at Funko and share some of the fundamental reasons they’re feeling bullish about a company that makes bobbleheads.

Stocks discussed: SBUX, VMW, AVGO, FNKO, DIS, EBAY

Host: Chris Hill
Guests: Jason Moser, Nick Sciple, Asit Sharma
Producer: Ricky Mulvey
Engineers: Dan Boyd, Rick Engdahl

Transcript

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0:00.0	A week ago when McDonald's announced it's leaving Russia and we asked who's next, today
0:10.4	we got the answer.
0:11.8	Motley Full Money starts now.
0:15.5	I'm Chris Hill and I'm joined by Motley Full's Senior Analyst Jason Moser.
0:25.4	Happy Monday.
0:26.4	Hey, happy Monday indeed.
0:28.8	We have a merger Monday-esque story we're going to get to, but let's start with Starbucks.
0:34.8	The coffee chain announced this morning it is leaving Russia and will no longer have any
0:39.0	kind of brand presence there.
0:41.3	Starbucks committed to paying its Russian workers for six months and helping them transition
0:46.8	to new jobs.
0:48.7	From a financial standpoint, Jason, this is not going to have as big an impact as what
0:54.0	we talked about last week with McDonald's because for Starbucks, it's a smaller store
0:59.6	count and a smaller percentage of their annual revenue.
1:03.2	Yeah, you're right.
1:04.8	I think Starbucks was the example that we used when we were talking about McDonald's
1:12.3	recently and thinking, okay, is there another restaurant that will follow suit?
1:17.1	Starbucks seemed like an obvious candidate just sort of giving them a chance to maybe
1:23.2	weigh exactly what the reaction to McDonald's actions ultimately was.
1:29.5	And to me, this makes a lot of sense.
1:33.3	Following McDonald's lead, generally speaking, they're just kind of looking at this, they
1:37.3	figured, like we said, that just do you say you're worth a squeeze?
	...

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