Warby Parker Goes Public

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4.7 • 1.7K Ratings

🗓️ 29 September 2021

⏱️ 21 minutes

🔗️ Recording | iTunes | RSS

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Summary

Dollar Tree pops on an increased share buyback plan and strategy to selectively increase prices. Online eyeglasses retailer Warby Parker goes public via direct listing. Asit Sharma analyzes those stories and shares why he’s a fan of British software development company Endava.

Transcript

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0:00.0	It's Wednesday, September 29th.
0:04.3	Welcome to Marketfoolery.
0:05.6	I'm Chris Hill with me today,
0:06.9	Asa Sharma in the house.
0:08.2	Good to see you.
0:09.5	Good to see you, Chris.
0:10.8	Glad to be here.
0:12.3	We've got software earnings.
0:13.8	We've got another new public company,
0:15.8	but we're going to start with the stock of the day.
0:18.4	Shares of Dollar Tree, up 14% this morning,
0:22.0	after the discount retailer increased its share buyback plan
0:26.2	from one and a half billion dollars
0:28.0	to two and a half billion dollars.
0:30.9	The company also said they're going to start selling
0:33.1	more products at a higher price point due to,
0:37.0	let's just call it the usual suspects,
0:39.3	supply chain issues, labor costs, that sort of thing.
0:44.5	What do you think of it?
0:45.2	I mean, it seems like good timing on the company's part
0:47.7	because even with the pop today,
0:50.2	this stock is still down for the year.
	...

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