BB poised for solid gains n 2013 As per David Alton Cark's recent article on Seeking Alpa:
BlackBerry Inc. (BBRY)
The company is trading 28% below its 52-week high, yet 17% above the consensus mean target price of $10.90 for the company. BlackBerry was trading Friday for $13.11, down slightly for the day.
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Fundamental Review
Fundamentally, BBRY has some positives. The company's net profit margin is negative, but improving quarter over quarter. The company trades for 8 times free cash flow and 73% of book value.
Technical Review
Technically, BBRY has been in a long-term uptrend since hitting a low of $6 in late September. The stock is currently trading at the very bottom of the uptrend channel. The RSI is approaching oversold levels. This is precisely the time to start a position.
My Take
BBRY's BlackBerry Z10 has been long awaited. With the launch of the BlackBerry Z10, I posit the sales numbers will impress. The stock should be in for a run as the loyal BBRY subscribers upgrade their devices. Now is the time to buy this stock.