WageWorks Has A Numbers Problem
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 13 September 2018
⏱️ 21 minutes
🧾️ Download transcript
Summary
Shares of WageWorks, the employee benefits administrator, fell 15% after announcing its setting up a special committee to examine an earlier investigation into financial irregularities. (Oh yeah, the chairman of the board also resigned suddenly without comment.) David Kretzmann analyzes the damage and shares why more shoes may be dropping. Plus, David shares his recent trips to cannabis conferences in Toronto, as well as meeting with executives at MedMen Enterprises. And did we mention we’re hiring?? We are! Check all our job postings at Careers.Fool.com.
Transcript
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| 0:00.0 | This episode of Market Foolery is brought to you by TD Ameritrade, whether you want to place a trade on Twitter or get market news from your smart speaker, TD Ameritrade has everything you need to invest on your favorite platforms and devices. |
| 0:12.0 | See what's new at TD Ameritrade.com |
| 0:15.0 | slash innovation. It's Thursday, September 13th. Welcome to Market Foolery. I'm |
| 0:21.1 | Chris Hill joining me in studio. |
| 0:23.1 | David Kretsman, I feel like it's been a while for me and you. |
| 0:26.9 | Yeah, probably at least a month or so. |
| 0:28.6 | You've been in the studio here with Mac, but it's been a while since you and I have been in the studio |
| 0:32.4 | together. |
| 0:33.0 | Some quality Chris Hill time, I'm excited. |
| 0:35.0 | See, and I think it was quality crutchman time. |
| 0:38.0 | So we'll talk about where you've been because I follow you on Twitter and you've been doing some traveling and with |
| 0:46.1 | business intention so we will get to that and we will get to the stock of the |
| 0:50.9 | day unfortunately for shareholders of that stock it's not the stock of the day, unfortunately for shareholders of that stock. |
| 0:54.0 | It's not the stock of the day for good reasons. |
| 0:57.0 | Let's real quick on Apple and we're going to talk about Apple on Motley Full Money this weekend. |
| 1:02.2 | Tim Byers is our guest and I'm going to be |
| 1:04.0 | interviewing him later today but I'm just curious real quick. Any sort of gut |
| 1:08.8 | reaction to the event that Apple had yesterday unveiling the new phones, the smart watch. |
| 1:14.4 | Anything strike you one way or the other? |
| 1:18.1 | I think it was more of a ho-hum event this year. |
| 1:22.1 | We talked yesterday, you you know several hours after the event and I totally |
| 1:26.1 | forgot that the event even happened yesterday and I feel like for a lot of people that was basically |
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