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Motley Fool Hidden Gems Investing

Trouble or Turnaround Plays?

Motley Fool Hidden Gems Investing

The Motley Fool

Investing, Business

4.33.1K Ratings

🗓️ 5 March 2024

⏱️ 24 minutes

🧾️ Download transcript

Summary

We try to separate the falling knives from the buying opportunities. (00:21) Jim Gillies and Dylan Lewis discuss: - NYCB’s credit downgrade, material weaknesses, and current struggles. - Stitch Fix’s latest earnings, and whether the clothing company could be a turnaround play. - Why Jim likes the prospects for beat-up fintech company PROG holdings. (14:46) Alison Southwick and Robert Brokamp talk about trends in travel and tips if you’re trying to avoid the crowds and fees next time you step on a plane. Companies discussed: NYCB, SFIX, PROG Host: Dylan Lewis Guests: Jim Gillies, Alison Southwick, Robert Brokamp Engineers: Dan Boyd Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

We're taking a look at three beaten up stocks. Do they have what it takes to turn it around?

0:09.0

Motley Full Money starts now. I'm joined over the airwaves by Motley Fool analyst Jim Gillies.

0:25.0

Jim, thanks for joining me.

0:26.0

Thanks for the invite, Dylan.

0:28.0

Today we're going to check in on a few companies that have a bit of a tough outlook

0:32.0

and whether investors should have them on their

0:34.6

watch list.

0:35.9

The first two come to us by way of the news, Jim, and the first one we'll discuss is New York

0:41.0

Community Bank Corp shares at their lowest level since 1996 after the

0:45.7

regional bank disclosed something that investors never want to hear and that's a

0:49.7

material weakness in a filing.

0:52.8

Jim, this is also a company that's had CEO changes,

0:55.4

downgrades of its debt recently for Moody's and Fitch.

0:58.4

Seems like a lot of things swirling here against NYCB.

1:01.6

Well, and you've also, you've left out the most important part, Dylan.

1:07.2

This is a bank, I know, I like to state the obvious.

1:10.7

This is a bank and banks depend on the confidence of investors and more importantly the confidence of depositors.

1:19.0

Now, good news is no one has ever had a mass run on a bank and pulled their

1:25.1

deposits from a financial institution at a time when when they need trust

1:28.7

right? Oh wait that happens all the time. In fact that happened a few times last year, the name Silicon Valley Bank or

1:34.6

first republic I believe it was?

1:36.7

We're coming up on the anniversary Jim.

...

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