Summary
In this podcast, Motley Fool analyst Jason Moser and host Deidre Woollard discuss: The ambitious plans for U.S. semiconductor growth. The challenges of building factories in Arizona. If Jamie Dimon is the new Warren Buffett. Jason Moser: By 2030, Intel plans to produce 20% of the world's semiconductors in the U.S. Moser says the goal is ambitious but realistic. Building these fabs is not easy. The Phoenix area is one of the most popular places in the U.S. to live. The city is home to some of the world's most successful companies. Jason Moser: I think it's an interesting area to watch as microcosm for how we all deal with rising heat. There are some positives and there are a lot of positives that actually, when you look at Arizona, the state it's seismically, it's very stable. Jason Moser: I really liked Jamie Dimon, I love he's just easy. He's very practical in nature. He just tells you like it is. I think he's right to be looking at things with some skepticism, not fully skeptical. Jason Moser: I think that maybe 2% inflation target that we always hear so much about, I just don't think that's realistic anymore. CNN's John Defterios says the world is in need of a new generation of leaders. Defterius: "We need to make sure that the world doesn't lose its way" Monarch is the top rated all-in-one personal finance app. It gives you a comprehensive view of all of your accounts, investments, transactions and more. Ron Gross: I wanted to start with the basic definition of an activist investor because it's more than someone who just buys up a lot of shares. An activist investor, typically a hedge fund, although mutual funds have been more involved over the years. Short sellers are often more likely to be successful than long-term investors. Short sellers are more likely than long term investors to be able to make money. Ron Gross: There's both heavy financial as well as an operational component to research and companies in the activists world. Once you identify what needs to be done that's really the first step then the activism is what kicks in. Boards of directors are often ineffective in providing that push there either entrenched or the status quo is more along the lines of what they're used to. A significant cost cutting is very often a platform of an activist investor. Corporate governance is a very big platform for activists investors. If you accumulate more than 5% of a public company then you need to file a form with the SEC. In the 13D often accompanies a letter to management outlining the activist platform or agenda. There is sometimes a lag between I see in the press and when the plan comes out. Sometimes there's a little bit of confusion in the space of not knowing so and so is what they want to do. But it also can be more effective than something simple like you should buy some stock. Ron Gross: It is a form of marketing and public relations from the activist really. They want people to go in with them especially if it's a proxy fights. The goal is to come to some agreement. Deidre Woollard: As always people on the program may have interest in the stocks they talk about. The Motley Fool may have formal recommendations for or against so don't buy yourselves stocks based solely on what you hear.
