The Growing Case for Cybersecurity Stocks
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 3 June 2021
⏱️ 18 minutes
🧾️ Download transcript
Summary
AMC Entertainment files to sell 11 million shares, sending the stock down 30%. ExxonMobil loses a proxy fight as an activist firm gains a 3rd seat on the board of directors. Bill Mann analyzes those stories and FireEye’s decision to sell part of its business (and its name) to a private equity firm.
Celebrate McLovin’s 40th birthday by getting 50% off our Stock Advisor service! Just go to http://StockIdeas.fool.com.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | It's Thursday June 3rd. Welcome to Marketfoolery. I'm Chris Hill with me today. |
| 0:06.4 | The one and only Bill Mann. Good to see you my friend. |
| 0:09.4 | How are you? How are you celebrating McLeven's birthday today? |
| 0:14.0 | McLeven, happy 40th birthday to McLeven. Maybe the greatest fake driver's license in film history. |
| 0:22.0 | You know it's only one name, right? |
| 0:26.0 | Yeah, if you look at the driver's license, his birth date on his fake ID was June 3rd, 1981. |
| 0:34.0 | That means that McLeven is today 40 years of age. So I will be celebrating later. I don't know about you. |
| 0:40.0 | You know what? If you're looking for a movie to relax with over the weekend, I'll just say super bad 88% on rotten tomatoes. |
| 0:47.0 | Yes, and the 12% are the ones who found the ranch to be a bit much, which I can understand. |
| 0:53.0 | So we've got an energy story that I don't understand. We have a cybersecurity story that I really don't understand. |
| 1:01.0 | But we are going to start with the mayhem that is AMC entertainment. |
| 1:05.0 | People on Reddit are buying shares of AMC entertainment. But you know who's selling? |
| 1:10.0 | AMC entertainment. The kind of fact that you're setting this apart and suggesting that maybe you do understand this one. |
| 1:20.0 | I understand the optics of it anyway, but yeah, the company came out. They filed to sell more than 11 million shares. |
| 1:28.0 | And the stock is down more than 30% today. |
| 1:32.0 | Right now at the time that we're speaking, I mean, it could it could it could end anywhere. |
| 1:37.0 | So even at this point, AMC stock is up more than 100% for the week. |
| 1:44.0 | So the company came out and said, we are going to take advantage of the market. |
| 1:49.0 | And they were very clear in their filing. It was interesting that there's no there is no business reason for this level of volatility. |
| 1:57.0 | There's no business reason for this price. We are going to sell and we are going to go out use the use these proceeds to try and buy up some irreplaceable movie assets, which is great. |
| 2:09.0 | This is exactly what they should be doing. And it was it's a little bit it's what's so funny to me about the meme stocks in general. |
| 2:18.0 | Take game stop, for example, is that the companies almost were irrelevant to the story, right? |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from The Motley Fool, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of The Motley Fool and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.