BB - BlackBerry Limited

Saw a classic breakout pattern after years of consolidation. If already owned, good; but he did not buy. No current recommendation.

Revenue up 26% YoY, adjusted EBITDA up 144%, fifth consecutive quarter of positive GAAP net income. QNX and secure communications achieving rule of 40. Host putting back on watchlist after earnings beat.

Host doesn't know enough about it. Falls into category where story seems bigger than financials.

BlackBerry has shown significant growth recently, but there are concerns about its ability to maintain momentum.

Cited as a cautionary example. Ripped to ~$28 in 2021, now trading at ~$6, down 77%. Used to illustrate how even well-known brands can become terrible long-term holdings.