Zoom Video, Lemonade Ask For Seconds
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 12 January 2021
⏱️ 21 minutes
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Summary
Zoom Video and Lemonade announce secondary stock offerings. Shake Shack shares pop on preliminary good news about its 4th-quarter results. Jim Gillies analyzes those stories and shares what he’s watching in 2021.
Transcript
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| 0:00.0 | It's Tuesday, January 12th. |
| 0:04.0 | Welcome to Market Foolley. |
| 0:05.0 | I'm Chris Hill joining me from the Great White North, |
| 0:08.0 | where he needs some audio equipment |
| 0:11.0 | that Amazon says they're going to deliver but it's not here yet. |
| 0:14.0 | Jim Gillies, good to see you my friend. |
| 0:16.0 | Good to be seeing, Chris. |
| 0:18.0 | We've got some restaurant news we're going to get to. |
| 0:21.0 | We've got a preview of 2021 through, let's call it, Gillies colored glasses. |
| 0:26.8 | But we're going to start with a pair of secondary stock offerings. |
| 0:30.6 | Zoom Video is looking to raise $1 a half billion dollars through a secondary stock offering and |
| 0:36.4 | lemonade announced a 3 million share secondary stock offering and yet shares in both companies are up so what does that say to you? |
| 0:47.8 | Say there's a lot of money looking for a home but that's not a particularly unique insight to me. We've been hearing that for a while. |
| 0:56.7 | There's a lot of money sloshing around looking for home. Homes, people want to be part of the next big thing that Go Go Growth Stories. |
| 1:06.8 | These have both been multi-bagger stories since they're fairly recent IPOs. |
| 1:11.3 | I think Lemonade was in July. |
| 1:13.5 | Zoom was last year, I believe. |
| 1:18.2 | I think it's a tale of two different companies, mind you. |
| 1:21.2 | But I think, for example, I think Zoom, the 1.5 billion that they're |
| 1:26.2 | looking to raise, the headlines I'm seeing is, oh, they're down 40 plus percent from their |
| 1:32.1 | all-time high, why why you doing it now. |
| 1:34.0 | And I'm like, well, sure, my hindsight glasses work as well as yours do as well, |
... |
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