/biz/ - Business & Finance

>>25076981
In any other field, in medicine, in engineering, in law, there are fundamentals. Textbooks. Courses. Ways to convey knowledge, to test knowledge and to apply it. The stock market is just a shitshow where no one knows anything in its entirety. They just have a slice of half assed information they picked up from who-knows-where, where every 'book' is just more garbage spewed from a skewed perspective, in a context that assumes you have the same fucked up 'tiny slice' view of the whole.

Its almost like they go out of their way to dilute and distort financial literacy to keep everyone else down. Want to learn? Burn your money at the sacrificial alter first. There are no gods of logic and reason here, just learn by burning your cash (and enriching us)

What do you guys think about BBRY?
BlackBerry has been down in the dumps ever since its catastrophic failure to push BB10 as a competitor to Android and iOS (I think around 2016 is when it hella tanked). Since then they have basically laid off like 3/4th of their staff and tried to pivot to infosec, cybersec, and iot in enterprise. These are all buzzwordy but they have a history of strong acquisitions. QNX specifically comes to mind.

The stock has languished for awhile but 2020 is the first year they have seen a YOY increase in sales since *2011*. That's nearly 10 fucking years ago (the company has failed to increase its YOY sales for a decade!). But they also incurred a fairly massive loss this year too.

Any thoughts on whether this is a potential turnaround to become a low-mid tier software company? QNX especially is used in highly specialized applications like cars, planes, nuclear, etc so they aren't completely "dumb". At its peak, BBRY was over $200. Right now its sitting at $6 and has been below ~$15 since like 2013. But it seems like now they have pretty much completed their transition to software. There's no more hardware being built by them at all. Can BBRY jump up to like $20-30?

FY sales operating_income net_income
2014 6,813 (7,163) (5,873)
2015 3,335 (423) (304)
2016 2,160 (223) (208)
2017 1,309 (1,181) (1,206)
2018 932 283 405
2019 904 60 93
2020 1,040 (149) (152)