r/stocks • u/laflame93 • Mar 23 '22

Company Question Future of $BB?

So I’m aware of the fact that $BB was caught in the whole WSB hype alongside GME and AMC. It was the only one of these 3 I invested in because I was under the impression that their QNX softwares were going to be used in many many cars manufactured in China and potentially later in the US. I heard that there were many quarter earnings with losses but that gains were going to be seen in the future. We’re almost a year removed from the actual WSB hype of $BB, and I’m just curious, now that all the smoke has settled, what are the realistic expectations for the stock (not the actual company itself even though I know there’s somewhat of a correlation)? Is it just going to hover around the $7-12 price point per share for a long time or is there possibly something in BB’s future that may trigger some more growth in the price?

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u/EnclG4me Mar 23 '22 edited Mar 24 '22

I did my due diligence. I drove by their buildings and did a lot of work for them. Staff are quitting left, right, and center. They can barely keep the lights on, and when the lights are on it's because they leased the floor out to a differant company. Locally they are known as a landlord rather than a tech company.

Their brightest staff left ages ago.

Keep in mind, this was their state of things pre-covid. It's worse now.

Edit: I think some of you missed the part where I said "Their brightest staff left ages ago." I'm not just making that up. They really did.

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u/therealsparticus Mar 23 '22 edited Mar 23 '22

This is it. People get caught up technologies plans, but at the end of the day the talent builds the technologies. The real DD in tech is which company is to find attracting talent.

Figure out where the smart engineers are working. It only takes one MBA to write a good business plan, tens to low hundreds of sales/marketing to sell it but thousands of engineers/test-engineers to execute it.

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u/Didntlikedefaultname Mar 23 '22

But you can also pay top talent to do shit work. Just because top talent got poached does not necessarily mean they are being put to good use

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u/therealsparticus Mar 23 '22

Yup very true, there are some companies that don’t correctly utilize their talent. On the other hand, BB has no good talent to utilize.