Brendan CaldwellMotorolaMSITOP PICKSep 22, 2025

Has done quite well over the last few years. Software management (a large portion of its business), videos, government, walkie talkies. Two of the three businesses are doing well. Software management is the big issue because AI is starting to have an impact on software overall. How much can you charge for software if AI is going to take away pricing power?

Good long-term investment. An opportunity to buy on the drop.

Ran into headwinds after a really good run. As long-term rates have stayed high, high-multiple growth stocks are having a difficult time (because future cashflows are discounted back to the present using a higher discount rate).

Today, the company's more about keeping the city safe and connected. 2/3 of company revenue comes from radios, video surveillance, and central-hardware systems. Rest comes from the software side with long-term contracts, strong profit margins, and reliable cashflow. Likes this recurring revenue. 

Recent acquisition brings in advanced wireless tech, expanding reach into higher-growth areas such as defense and automation. Q1 earnings beat, raised guidance for 2025. Huge backlog. Margins expanding. Steady earnings growth ahead despite tariff noise. Will be volatile, but upside potential of almost 20%. Yield is 1.03%.

Largest security camera and radio manufacturer. Sells into police departments. Traffic cameras, body cams. Thinks police budgets could get bigger, and this would benefit. Yield is 0.8%.

A great company that just coins money. Their end users include government infrastructure. A great CEO.

Services business within telecom space. Niche is government procurement contracts. Overall - long term share price has been good. Would recommend a small investment. Recent share price all time high a concern. Would wait to invest on weakness. 

Owns share in company and will continue to hold.
Legacy business of radio support is valuable (emergency services etc.)
Public safety (security cameras etc.) segment of business also valuable.
Expecting further growth in revenues.
Current share price high, but worth owning. 

Fully intends to continue holding. Cash cow is radio communications, which continue to grow at mid-single digit rates. Transitioning from hardware to software, in particular video security cameras, which is a small part of the business growing 20%.

Good business model with cyber security demand.
Excellent business with good long term prospects.
High margins on products.
Demand for business not going anywhere.