Shake-Up in Sporting Goods
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 23 May 2016
⏱️ 24 minutes
🧾️ Download transcript
Summary
Dick’s Sporting Goods spikes as Sports Authority closes its doors, but the direct-to-consumer battle is just heating up. Bayer makes a $62 billion bid for Monsanto, but will Uncle Sam approve the deal? Plus, we share a few takeaways from Fool Fest 2016.
Transcript
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| 0:00.0 | It's Monday, May 23rd. |
| 0:03.0 | Welcome to Market. |
| 0:04.0 | I'm Chris Hill joining me in studio today from Stock Advisor Canada, Taylor |
| 0:07.3 | Markerman, and for a million dollar portfolio, Jason Moser. |
| 0:10.0 | The sun is shining, gentlemen. |
| 0:12.0 | For now. For now. |
| 0:13.0 | For now, but I feel like we're about to break through. |
| 0:16.0 | It felt like summer humidity out there. |
| 0:18.0 | The 17 weeks of rain that we had. |
| 0:19.0 | I was looking, I was looking at the weather forecast and I, |
| 0:22.0 | if I'm jinxing this I may not make it |
| 0:24.7 | back here next week I am leaving to go down to Georgia for the golf tournament |
| 0:28.3 | is this the member guest yes and it looks like we're talking like 90 degrees and |
| 0:32.2 | sunny in southwest Georgia. |
| 0:35.0 | Nice. |
| 0:36.0 | And it cannot come soon enough. |
| 0:39.0 | We're back. |
| 0:40.0 | It was a short week last week because of Full Fest. |
| 0:42.0 | We're going to talk a little bit about Full Fest. We're going to get to some sporting goods news, but let's start with the deal of the day, or at least an attempt at the deal of the day bear making a 62 billion |
| 0:57.2 | dollar bid for Monsanto. All of ours! All cash? Yeah that's what they say. All cash? Yeah, that's what they say. All cash. Here's a big check. Yeah. All cash. |
| 1:08.0 | I think they said they're going to raise 25% I believe of that from new equity issue as well. |
| 1:14.1 | Yeah, they were going to issue some equity in order to help raise the cash. |
... |
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