The Rise of Bitcoin
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 14 February 2017
⏱️ 19 minutes
🧾️ Download transcript
Summary
Discovery Communications’ 4th-quarter profits came in higher than expected, but cable subscribers in the U.S. fell. Analyst Simon Erickson shares why Discovery’s global footprint (and the 2018 Winter Olympics) should give investors optimism. We also discuss how Bitcoin’s value has quadrupled over the past year as the SEC considers approval of a first-ever Bitcoin ETF. Plus, shares of Popeye’s Louisiana Kitchen spike on potential buyout reports and we’re heading back to Austin, Texas for SXSW 2017!
Transcript
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| 0:00.0 | It's Tuesday, February 14th. |
| 0:04.0 | Happy Valentine's Day. |
| 0:06.0 | And welcome to Market Foolery. |
| 0:07.0 | I'm Chris Hill joining me in studio today from Motley Fool Explorer, |
| 0:10.0 | Simon Ericsson. |
| 0:12.0 | How you doing, man? I'm doing doing fantastic Chris. Thank you for having me on the day of love on the show. |
| 0:17.0 | Wow now I feel like we should have flowers in the studio or something like that. |
| 0:22.0 | We've got earnings to get to... in the studio or something like that. |
| 0:23.1 | We've got earnings to get to... |
| 0:26.2 | We're going to follow up on yesterday's story that we did on restaurant brands because the news |
| 0:30.6 | continues there and we're going to share some news, some market foolery news at the end of this episode. |
| 0:37.8 | We've got a little bit of announcement. |
| 0:40.0 | But let's start with fourth quarter profits from Discovery Communications, which came in a little |
| 0:45.4 | higher than expected. |
| 0:47.6 | When you're looking at media companies, I think it's safe to say that the thesis for discovery communications as much as anything |
| 0:55.8 | is this is a global play. When you look at the footprint I think if you live in the United States |
| 1:01.5 | and you have cable, you're familiar with at least some of their |
| 1:05.7 | networks, Animal Planet, TLC, the Discovery Channel, that sort of thing. |
| 1:09.8 | But when you look at the global footprint of where Discovery Communications operates, I think that's part |
| 1:15.5 | of the thesis, isn't it? |
| 1:16.5 | Absolutely it is. |
| 1:17.5 | I think that's probably what investors are looking at for this company right now. |
... |
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