When Rising Auto Sales = Bad News
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 14 May 2015
⏱️ 13 minutes
🧾️ Download transcript
Summary
Motley Fool Funds portfolio manager Bill Mann explains why rising auto sales in Greece could spell trouble. Plus, he analyzes the latest news from emerging markets and Shake Shack’s surprising quarterly profit.
Transcript
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| 0:00.0 | It's Thursday, May 14th. Welcome to Market Foolery. I'm Chris L. joining me in studio today for Motley Fool Funds, the portfolio manager himself, Bellman. Thanks for being here. |
| 0:10.3 | How are you, man? I'm good. I'm good. We're going to go overseas in a minute. |
| 0:15.8 | Excellent. Can I ask you a question first? Absolutely. So your wife travels from time to time. |
| 0:20.0 | Yes, she does. Does she treat you like an absolute idiot before she leaves? |
| 0:25.0 | Like, I, so my wife left today, she's going to... |
| 0:29.0 | I feel a personal story coming on. |
| 0:30.0 | A little bit, I'm sorry, this baby, we may be derailing, but, you know, so I have gotten from her probably |
| 0:35.1 | 17 different forms of communications letting me know of the schedule while she was gone. |
| 0:40.4 | So I just, you know, I feel like Mr. Haver camp right now, you know, the green's that way, |
| 0:47.0 | hon. |
| 0:48.0 | I will simply say that organizational skills and scheduling not my strong point and she's aware so and she's aware and so that's that's helpful that's helpful for me like I said're going to go overseas in a minute, but first, let's talk burgers because Shake Shack surprisingly |
| 1:09.4 | reporting a profit in the first quarter sales up 56% the stock up this morning sounds good |
| 1:17.5 | what do you think on balance I on the one hand it's not it's always nice to see a surprising profit when the expectations are lower. |
| 1:28.0 | If you're a shareholder, yes. |
| 1:29.0 | And I'm not a shareholder. |
| 1:30.5 | On the other hand, I look at this and I think yeah, but this is still a a young public company and this is still a small public company |
| 1:38.7 | Yeah 66 I think outlets total worldwide which is not many you know when when Chipotle was first first came public they had something like 400 so this is dramatically smaller but it does have something that Chipotle also had and still does have which if you do a little simple math |
| 1:57.9 | They're making about two million dollars in revenues per store per year, which is a lot, you know, for a quick serve outlet. |
| 2:10.0 | That is, that is the hallmark of a well-run well-received brand especially when you think that most of those |
| 2:18.4 | stores are new right so yeah they're crushing it I I wouldn't want to be involved with most of the you know |
| 2:26.8 | rushed out fast food quick serve restaurant IPOs that have gone on in the last year. |
| 2:32.0 | In fact, most of them have been dumpster fires, but this one's different. |
... |
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