Feb. 3 at 7:37 PM
$BB Blackberry bought Cylance for 1.4 Billion dollars and sold it for 160 million plus stock we can even be generous and say the stock will be worth another 100 million. That is an 80 percent loss. That was a bad investment in anyone eyes. If the patent was so good BB should've sold it for more than 1.4 billion dollars.
If BB didn't buy Cylance they would be in better financial position. Do you know how much more engineers BB could train in India for a billion dollars? It's definitely more than what they currently train that's for sure.
As for the tax write off, are you happy if you bought a stock for
$100 and then sold it for
$20 and said look at least I get to tax harvest loss? Or would you be happier if that
$100 stock was sold for
$180? Do you understand that your other stocks will have to make up a bigger percentage to offset that tax loss harvest?
