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Making Money on Cyber Threats

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  • Description

    Emerald Asset Management CEO Joe Besecker breaks down security plays.

  • Duration 3:27
  • Date

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This transcript is automatically generated

Another story that we've attacked that all week these cyber attacks -- -- on the rise in the big story earlier in the week about China.

The Obama administration looking to tighten the belt on countries like China and others.

While trying to strengthen our own defenses against computer criminals and the like so we bring our next guest did.

-- make himself some money on this trend chairman president and CEO of emerald asset management -- I'm -- massacre you've been on this for awhile right show you this is this is what are your big.

Picture trends that you pick stocks on.

I think it's a huge -- -- we've talked about it for number years and I think we're still in there early innings of this.

I think Steve Jobs is to blame for all this he.

He pushed this mobile cloud this mobility thing much forward -- I think the overall infrastructure was ready for it.

And given that you we -- it's like -- in the great for the that the wall down and -- -- just.

When you turn it down that this we are never gonna go back that not using.

These types of things whether it's I've enjoyed now and so so this.

Poses a big problem.

To.

The people that provide these services -- and the users.

You know somebody like myself we we use the stuff all the time and we we deal with very sensitive information.

So security is very important to us is very important to the people to provide services -- pretty important to use a consumer so it affects everything.

You have a lot of company's individual companies that you've.

Either bought -- your pick -- up buying their stocks because of this think on this program yesterday we showed a -- that you -- -- their smothers.

Give us an example of how do you personally.

And here in the eastern Joe's stock city -- might -- -- them all individually but the point.

What is -- small or fear or medium sized companies this a certain amount of risks and they're getting involved some of these individual companies and or to talk to that address -- ten.

Yeah -- -- -- there's risk in every equity and there's even riskier.

When you talk about what we do for a living and several small and midsize growth companies right these are high growth companies.

That are dependent on big government contracts are big corporate contracts so.

And they could be lumpy you know we we saw some of these negatively react when the government talked about pulled back spending.

It is our theory that over time this -- nominee of cyber terrorism is not gonna stop -- that that.

What are a lot we think a lot of these companies these smaller -- -- ultimately.

Be acquired in that we consolidate there's a -- on whether it's -- Hardware or software.

Right consumer.

Government all of these plays that we have manage their company like source fire this gonna report tonight.

You know they've had won't be times and so yes they are riskier but we think that the big trend there is nothing but up.

And I don't think we're gonna get less cyber problems we're gonna get more -- because that there's more need for solutions.

And I think a lot of these will be acquired in much bigger companies and that's part of its I was gonna ask you about that's part of doing talk about some of these companies is that maybe the bigger companies committed by them but.

Although stocks we -- that Joseph owns just for full but there's disclosure there's a generally -- much better than.

-- build -- all growing -- very big numbers both top and bottom line so.

That's important to growth manager like ourselves Joseph best secure emerald asset management even the shared history in there and thanks for coming on -- appreciate is always up.

Upgrade our -- Freddie pitchers and catchers but that's more like get mad Phillies serve whenever.

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