Whom Would the Market Foolery Guys Tap As Business Leader of 2017?

Whom Would the Market Foolery Guys Tap As Business Leader of 2017?

In this segment of the Market Foolery podcast, host Chris Hill chats with Stock Advisor Canada’s Taylor Muckerman about whom he’d hand the nonexistent award for Market Foolery CEO of the Year to: BlackBerry ‘s (NYSE: BB) John Chen, who has it on course for a surprising second act. And Taylor is happy to explain why.

A full transcript follows the video.

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This video was recorded on Dec. 18, 2017.

Chriss Hill: Fortune  magazine came out with their business leader of the year Jen-Hsun “Jensen” Huang, the co-founder and CEO of NVIDIA . Who’s your business leader of 2017?

Taylor Muckerman: That’s a tough act to follow. We have a lot of big trends we’re talking about here at The Fool with AI and automated driving and things like that, and blockchain, and NVIDIA seems to be a part of all of that. I think my CEO of 2017, been a CEO, challenging for the CEO of the year in my mind for the last couple of years, but now you’re really starting to see the success of John Chen and his success at BlackBerry. Delivered a few great quarters back to back now, beating analyst expectations, and really dramatically changed this company, removed it almost completely from hardware, and now it’s a software and security business. I really think there’s big things to come. He’s made from wise acquisitions, and the balance sheet is super strong based on his careful calculations on how to run the business moving forward. It’s a company that we view very highly right now at The Motley Fool in Canada.

Hill: And you look at shares of BlackBerry, up more than 60% year to date. It’s just interesting that this is one of those companies that was soaring for years, and then just getting its butt kicked for years. And when you have a leader that can come in and truly change the business, it’s a nice reminder that, with certain leaders, no business is dead.

Muckerman: Yeah, he’s done this before with a couple of other companies, this turnaround strategy. Almost following the exact same playbook on a bigger scale with BlackBerry. Certainly, I would put the same weight on him as shareholders of CSX did with Hunter Harrison as his impact there for this company moving forward.

Chris Hill has no position in any of the stocks mentioned. Taylor Muckerman has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends NVIDIA. The Motley Fool has a disclosure policy .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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