with the current stupid market 30% would have been pretty easy 3year, my return’s been over 20% with rather conservative target retirement and some large cap

hell 2026 was the first year of profit so two years were not so 53mil profit is like 2% rolling

you can make that in a savings account and spread out that is fdic insured

[–] No_Maines_Land@lemmy.ca 1 points 1 week ago (2 children)

Yes, but that doesn't provide any products or services to anybody.

[–] baines@lemmy.cafe 1 points 1 week ago* (last edited 1 week ago)

don’t get me wrong i hate the stock market and its vibes and capitalism can eat a dick

my issue was with this obvious hype piece claiming bb is doing well

the market share sounds impressive but it had capitol falling out if its ears and until its numbers are consistent and better i’m sure as shit not investing money in them

[–] ProudCanadianCitizen@lemmy.ca 1 points 1 week ago

Pure Friedman - the goal is not to provide product or services, the goal is to maximize profit. The financialization of business.

[–] ProudCanadianCitizen@lemmy.ca 1 points 1 week ago (1 children)

Pure Friedman - all income, minimal expenditure - absolute highest profit margin. That was the direction a lot of big American companies took - close down and sell off manufacturing (minimize expenditures), make the profit on portfolios and licensing (maximize income).

[–] No_Maines_Land@lemmy.ca 1 points 1 week ago (1 children)

That's not the direction RIM/BB has taken through it's history.

I mean, it did try outsourcing manufacturing, but as a reactionary and emergency measure, rather than planned one.

[–] ProudCanadianCitizen@lemmy.ca 1 points 1 week ago

RIM/BB was a pure Canadian company. We do things differently up here. If RIM/BB had been sold, it would have been purchased for the patent portfolio, not the manufacturing capability. That is what pretty much happened to Northern Telecom/Nortel assets in the end liquidation.