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Tacos as a Service? Tacos as a Service.

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The Motley Fool

Money, Business, Motley, Business News, Stocks, News, Investing, Market, Fool

4.71.7K Ratings

🗓️ 14 September 2021

⏱️ 18 minutes

🧾️ Download transcript

Summary

Intuit buys MailChimp in a cash-and-stock deal worth $12 billion. Shares of Angi pop on encouraging numbers from August. Asit Sharma analyzes those stories as well as Taco Bell’s newest promotion: a taco subscription service.

Transcript

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0:00.0

It's Tuesday, September 14th, welcome to Marketfoolery.

0:05.8

I'm Chris Hill with me today, Mr. Asset Sharma.

0:08.7

Good to see you.

0:10.1

Great to see you, Chris.

0:11.1

Thanks for having me.

0:12.6

We've got the newest subscription service to talk about, and we also have some upbeat

0:17.3

numbers in the home services industry.

0:19.9

We're going to start with the deal of the day into it.

0:23.0

The maker of TurboTax is buying digital marketing firm MailChimp for $12 billion.

0:29.9

This is a cash and stock deal, and it comes on the heels of the acquisition into it

0:35.0

made last year when they bought credit karma for $7 billion.

0:41.5

Let me start with the obvious question.

0:42.9

Do you like this acquisition?

0:44.7

I actually find that I like this acquisition a lot, Chris, and I had a chance to listen

0:51.5

to the conference call that into it held last night.

0:56.8

I really got a chance to understand the strategy behind this, and I must say, I'm pleasantly

1:02.3

surprised that I grew with it.

1:03.5

That price tag bothered me a little bit.

1:06.2

There were reports last month that MailChimp was shopping around at a $10 billion stock

1:12.2

price.

1:13.6

They had $800 million in revenue last year, so it's not a cheap multiple, but if you

1:20.7

look around the software as a service space, as a multiple of price to sales, it's really

...

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