This is the thread in which you can discuss your latest buys and your reasoning behind why you think they will excell and try to defend your reasoning in a good old discussion.
First up, my latest buy: Blackberry
Yes I think bright days are back for this relic of the past. Blackberry has tumbled from a high of 140 something in 2007ish to a recent low of 8 CAD. Now trading at 12,47 it has broken out of a trading range after posting a result beat in the last quarter.
Three things I like about the company:
- A new man in charge with a background of turning has-beens around.
- they ditched their unspoken rule of having all phones using the blackberry's own Operating System and have recently unveiled an Android phone.
- three they are very well positioned to reap benefits from the internet of things as they have started out as a software company and still are very capable in that domain. Their software revenue is also rapidly rising with triple digit percentage figures yoy.
- i know this makes four but they have a decent pile of cash vs their market cap.
I hope we'll see 30 plus within two years.
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