Red Bull is Going Pro
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 24 May 2016
⏱️ 19 minutes
🧾️ Download transcript
Summary
Best Buy impresses investors this quarter but is already disappointing them next quarter, while GoPro and Red Bull enter into a mutually beneficial arrangement. Plus our analysts take a deep dive into the struggling restaurant industry and pick out some companies that they think have what it takes to survive.
Transcript
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| 0:00.0 | It's Tuesday, May 24th. Welcome to Market Foolery. I'm Mark Wreath and joining me in studio today from |
| 0:06.6 | Supernova David Kretsman and from Hidden Gems Seth Jason. |
| 0:10.0 | Gentlemen, how's it going? |
| 0:11.0 | Hey, good. This is new and exciting. I don't think I've ever been in the studio with you Seth before and I certainly haven't been in here with the two of you before this is great |
| 0:19.6 | I've never had this much cold medicine before work so anything can happen. |
| 0:23.7 | This is going to be a great show. It's going to go so smoothly. |
| 0:27.0 | What happened to make this happen? I don't know. A lot of people canceled on me. |
| 0:31.0 | We've got plenty to talk about today including news from GoPro |
| 0:34.8 | and earnings from Best Buy. You know what in fact let's start with GoPro and |
| 0:39.0 | David I'd love your reaction on the GoPro news that they are now equity partners with Red Bull |
| 0:44.4 | which kind of makes some sense in my mind at least the two kind of go hand in hand |
| 0:49.0 | those Red Bull commercials you see them all the time with the crazy stunts and the jumping off the buildings and the what have used. |
| 0:56.0 | And more often than not, they're probably wearing GoPro to film those videos. |
| 1:01.0 | It seems like this is a no-brainer what's your take on this yeah |
| 1:04.2 | this is a pretty natural partnership red bull is actually kind of an |
| 1:07.9 | inspiration for uh... nick women founder and CEO of GoPro when he was trying to create kind of a lifestyle brand with |
| 1:15.5 | GoPro. So Red Bull was an inspiration for GoPro early on as they were building that |
| 1:19.7 | company. Like he said, the companies have been working together in different ways for a long time. |
| 1:24.0 | Red Bowl does a lot of, you know, the action stunts, different extreme sports, so a lot of their |
| 1:29.2 | athletes were go-pros anyway. So with this deal, it's essentially a multi-year partnership between the two |
| 1:35.6 | brands. Red Bull will now have a stake, an equity stake in GoPro. Red Bull has a lot of |
| 1:42.1 | events internationally in the press release they |
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