meta_pixel
Tapesearch Logo
Log in
Motley Fool Hidden Gems Investing

Time to Buy Industrial REITs?

Motley Fool Hidden Gems Investing

The Motley Fool

Investing, Business

4.33.1K Ratings

🗓️ 4 August 2022

⏱️ 23 minutes

🧾️ Download transcript

Summary

Global travel, comfortable footwear, and industrial REITs are on the menu. Pull up a chair! (0:25) Maria Gallagher discusses: - Mixed 2nd-quarter results from Booking Holdings - Why CEO Glenn Fogel's declaration about upcoming record revenue may be grounded in reality - Crocs struggling with gross margin pressure and inventory management - Whether buying the Hey Dude line of footwear was a good use of capital (10:41) Amazon's decision to sub-lease warehouse space caused some industrial REITs to fall. Deidre Woollard and Matt Argersinger discuss the potential for buying opportunities in this group. Stocks mentioned: BKNG, ABNB, CROX, WMT, TGT, STAG, EGP, PLD, RHP, PEB Host: Chris Hill Guest: Maria Gallagher, Deidre Woollard, Matt Argersinger Producer: Ricky Mulvey Engineers: Dan Boyd, Rick Engdahl Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

We've got global travel, comfortable footwear and industrial reeds on the menu, so pull

0:10.2

up a chair.

0:11.2

Motley Full Money starts now.

0:15.3

I'm Chris Hale joining me today from New York City.

0:24.5

Motley Full Senior Ann, let's bring you a call.

0:26.4

Thanks for being here.

0:27.4

Thanks for having me.

0:29.2

Let's start with travel, shall we?

0:32.4

Booking holdings, the parent company of Prysline and booking.com.

0:36.7

A mixed second quarter, I think that's fair to say.

0:40.1

Revenue was a bit light.

0:41.3

Adjusted profits were higher than expected.

0:44.6

We can get into the CEO's comments in a minute, but in terms of the results for booking,

0:48.4

what stood out to you?

0:49.5

So, I think it's showing a pretty good picture for travel recovery in general in the US,

0:54.3

so their gross travel bookings were up 57%.

0:56.6

The room nights books were up 56%, which are both the highest quarterly amounts ever

1:01.0

for those metrics.

1:02.4

The room nights for quarter to surpass their 2019 levels for the first time.

1:06.9

Their customer's booked about 246 million room nights, which is up 16% from 2019.

1:12.3

So we are seeing this travel recovery, which I think is obviously important for booking,

1:16.2

but is also just in a more interesting macroeconomic way, something to look at.

...

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 2026.