Pinterest’s Price, Sports Betting’s Growth
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 8 April 2019
⏱️ 19 minutes
🧾️ Download transcript
Summary
Pinterest prices its IPO range at $15 - 17 a share. Dan Kline analyzes the conservative price and shares why management’s taking the long view could pay off big for future shareholders. As the NCAA men’s basketball championship game gets ready to tip off, we discuss the rise of sports betting and which businesses stand poised to benefit. Plus, we tip our jester caps to Proctor & Gamble hitting a new all-time high as it enters its 62nd straight year of raising its dividend!
Transcript
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| 0:00.0 | It's Monday, April 8th. |
| 0:03.0 | Welcome to Mark Fulry. |
| 0:05.0 | I'm Chris Hill joining me in studio today. |
| 0:07.0 | From the sunny state of Florida, Dan Klein is in the house. |
| 0:10.0 | Thanks for being here. |
| 0:11.0 | Happy to be back. |
| 0:12.0 | We're going to dig into the state of sports betting. We're going to talk a little bit about Pinterest because we're starting to get more information about Pinterest. I wanted to start real quick with Procter and Gamble because shares of P&G are hitting an all-time high today. |
| 0:26.5 | And that's fine, that's good for the people who are shareholders. |
| 0:31.2 | The thing that caught my attention when I saw this story is that P&G has increased |
| 0:37.1 | their dividend, and we talk about the dividend aristocrats from time to time, companies that have raised their dividend for 25 years in a row or more. |
| 0:46.2 | P&G is in that even rarer category of dividend king because they've raised their dividend for |
| 0:51.4 | 62 years in a row and that blew my mind. |
| 0:54.4 | It's a stunning number. |
| 0:55.6 | Like that means they didn't have one bad year where they had to just cut it for financial reasons. |
| 1:01.0 | Right and we've talked on this show a bunch of times over the last year about how challenging |
| 1:07.6 | the package goods industry has been overall, not that I thought they were going to come |
| 1:12.3 | out in the past year or two and do that. |
| 1:14.7 | But it really is a testament to how they manage their business that they're able to do this. |
| 1:21.5 | Before we move on just real quick, what role? Is it something that you look at? |
| 1:28.4 | Because a lot of people look when they're initially starting out, they tend to think in terms of risk and say, okay, I'm going to have some |
| 1:35.3 | growth stocks on one side of my portfolio and on the other side I'm going to have |
| 1:38.4 | some blue chip dividend, you know, payers like P&G. So it's interesting. It's something I talk about a lot and tell people like you know my mother is in that phase of life where income is important and and dividend stocks make sense and security makes sense. In my personal thing I don't think |
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