We Can Fix You, Southwest

Motley Fool Hidden Gems Investing

The Motley Fool

Investing, Business

4.3 • 3.1K Ratings

🗓️ 10 June 2024

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

Elliott Management amps up the activist activity, and puts Southwest’s leadership and board on notice. (00:21) Asit Sharma and Dylan Lewis discuss: - Why Elliot Management is looking to shakeup leadership at Southwest after taking a 10%+ stake in the airline. - Nvidia’s stock split, and why this one may matter more than most. - The new names in the S&P 500 – Crowdstrike, KKR, and GoDaddy – and what they say about the state of the market. (17:57) Are the world’s tallest buildings ego-projects or promising investment opportunities? Ricky Mulvey talks with economist and skyscraper expert Jason Barr, about the state of “supertalls” and how China’s building boom is leading to an increase in homeowners without homes. Companies discussed: LUV, NVDA, CRWD, KKR, GDDY, RHI, CMA, ILMN Host: Dylan Lewis Guests: Asit Sharma, Ricky Mulvey, Jason Barr Producer: Ricky Mulvey Engineers: Dan Boyd Visit our sponsor Monarch Money: Go to monarchmoney.com/FOOL for an extended 30 day free trial. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	One major index gets a shakeup and another one might have one soon.
0:08.8	Motley Full Money starts now. I'm Dylan Lewis and I'm joined over the airwaves by
0:13.0	my analyst.
0:15.0	I'm Dylan Lewis and I'm joined over the airwaves by Motley Fool analyst Osset Sharma.
0:25.0	Osset, thanks for joining me.
0:26.0	Dylan, thank you for having me.
0:28.0	Today we've got an activist investor that just can't get enough action,
0:32.0	a breakdown on what's in and out of the major
0:34.0	indices, and a look at whether the tallest buildings in the world should be
0:37.8	interesting to investors. Also we're going to kick off with some boardroom
0:41.8	drama though.
0:43.0	Activist investor Elliot Management has a new target.
0:46.0	The company has built up a $2 billion position
0:49.5	in Southwest Airlines and in keeping with tradition,
0:52.8	Osset, they have some ideas for how to shake things up.
0:55.7	Yeah, so interesting, Dylan, the dollars are big,
0:59.3	but the percentage is big too.
1:02.4	Elliot Funds saying today they have an approximately 11% economic interest in Southwest Airlines.
1:08.0	So this is no 1% 2% activists coming in and want to shake things up.
1:12.0	This is serious and that's I think why the stock is up today.
1:15.8	What Elliot said is that look Southwest is amazing airline. It's been well run for decades. It's always
1:22.1	returned well for shareholders, lots of profits, but in the last few years, a lot of what we're seeing in its performance is due to legacy thinking and current management, the CEO and the chairman between
	...

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