“This company is a Sasquatch.”
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 23 September 2021
⏱️ 23 minutes
🧾️ Download transcript
Summary
BlackBerry shares pop after 2nd-quarter results were better than expected. Darden Restaurants hits an all-time high after surprisingly strong results in the fine dining segment. Jim Gillies analyzes those stories and shares why the complete overhaul of eHealth’s management team intrigues him as an investor.
Transcript
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| 0:00.0 | It's Thursday, September 23rd. Welcome to Marketfoolery. I'm Chris Hill with me today. |
| 0:07.0 | First time in a while, Jim Gillies. Good to see you. |
| 0:10.0 | Good to be seeing Chris. I didn't love me anymore. |
| 0:13.0 | That will never happen. |
| 0:16.0 | We have some surprising news out of one part of the restaurant industry. |
| 0:22.0 | We also have some sweeping management changes to discuss. |
| 0:25.0 | But we are going to start with the stock of the day. |
| 0:28.0 | Shares of BlackBerry up 13% after second quarter results were better than expected. |
| 0:33.0 | No longer in the mobile phone business. BlackBerry is now all about cybersecurity, particularly in enterprise solutions. |
| 0:42.0 | You tell me, the rise we're seeing today is this real? Is this short covering? Is it both? |
| 0:49.0 | Well, I'm going to fold a disclosure, I own a position in BlackBerry, but I can get to that in a bit. |
| 0:57.0 | I don't think this is... |
| 0:59.0 | Look, BlackBerry has been what I like to call a waiting for good dough stock for years. |
| 1:05.0 | And if you're familiar with the play, waiting for good dough, spoiler, good dough never comes. |
| 1:12.0 | And that's kind of... BlackBerry has been the... |
| 1:15.0 | I will gladly play you, pay you Wednesday for a hamburger today style company. |
| 1:19.0 | It... |
| 1:21.0 | Yeah, okay, revenue is better than expected. We've seen this movie before. |
| 1:25.0 | It was below what it was a year ago when we were in the teeth of the pandemic. |
| 1:29.0 | Oh, you know, down by about a third. |
| 1:32.0 | Oh, but wait, you know, last year that was one time big bulge in the licensing revenue they have. |
| 1:37.0 | As you said, this is no longer a handset or mobile phone company. |
... |
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