Stock Offerings, Buybacks, Shorts, and Another Inexplicable Name Change
On this Market Foolery podcast, host Chris Hill and Motley Fool Asset Management's Bill Barker review the most interesting tidbits from the business world today: Delta (NYSE: DAL) beat on earnings for the third quarter, and performed well despite the impact of heavy weather, and chipmaker Micron (NASDAQ: MU) is preparing a secondary stock offering, which mildly irked its shareholders, while Wal-Mart (NYSE: WMT) is planning a major share buyback that pleased its own. But Coach (NYSE: COH) is doing something that annoys Chris pretty much every time a company does it: It's changing its name. And finally, the Fools answer a listener question about a phenomenon that seems to bother quite a few people: How is it legal for an influential Wall Street big gun to trash a stock he's shorting, when his comments are bound to make it fall, thus profiting him?
A full transcript follows the video.
Source: Fool.com