SmileDirectClub’s great pre-IPO (but bad IPO), Under Armour goes anti-athleisure, and General Electric is selling itself to survive

The Best One Yet

Nick & Jack Studios

Business, News, Finance, Pop Culture, Business News, Tech

4.6 • 9.8K Ratings

🗓️ 13 September 2019

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

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Summary

SmileDirectClub (uncreative ticker symbol, FYI) falls 28% on its IPO day, but we look at whether it was really a bad IPO when you look at the valuation. Under Armour is going anti-athleisure with its new strategy, but it’s actually copying Lululemon. And General Electric is selling $38B of itself to survive, which highlights its greatest disadvantage: Pensions.Learn more about your ad choices. Visit podcastchoices.com/adchoices

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Transcript

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0:00.0	This is Nick, this is Jack, this is Snacks, daily it is Friday, September 13th, where are you feeling right?
0:06.3	Nick, is that Sean Brad?
0:07.6	Is that me?
0:08.6	Is it Evan?
0:09.1	I want to reach out.
0:10.1	You look really sharp.
0:11.1	It shines a bit, but I feel like that I don't let the shirt where we need the shirt, I wear the shirt.
0:14.1	Yeah, you got to wear the shirt.
0:15.3	Now Snackers, markets have risen seven days in a row.
0:18.3	Good timing, because this is the best Snacks daily we have ever done, it's the best one yet.
0:22.5	First company we're covering, Smile Direct Club.
0:25.0	It's just IPO.
0:26.0	Jared's fell 28%, but we're looking at whether this IPO was actually a success despite the 28% drop.
0:32.0	Unless you bought yesterday in which case we feel you, it wasn't a success.
0:35.3	Yeah, that's tough.
0:36.0	Second story, General Electric is selling itself.
0:38.7	This is hard to watch, they're like, hey, take my arm, will you?
0:41.0	100 bucks, can I give you this arm?
0:42.5	200 bucks?
0:43.0	50 dollars from my arm.
0:44.0	It is actually selling 38 billion of its own toys, and we're looking at its biggest disadvantage, pension problems.
0:51.0	First time we've covered pensions on this pot, that's very true.
	...

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