Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

BlackBerry Ltd T.BB

Alternate Symbol(s):  BB

BlackBerry Limited is a Canada-based company, which provides intelligent security software and services to enterprises and governments worldwide. The Company leverages artificial intelligence (AI) and machine learning to deliver solutions in the areas of cybersecurity, safety, and data privacy and specializes in the areas of endpoint management, endpoint security, encryption, and embedded systems. It operates in three segments: Cybersecurity, IoT, and Licensing and Other. Cybersecurity consists of BlackBerry UEM and Cylance cybersecurity solutions (collectively, BlackBerry Spark), BlackBerry AtHo, and BlackBerry SecuSUITE. The Company’s endpoint management platform includes BlackBerry UEM, BlackBerry Dynamics, and BlackBerry Workspaces solutions. The IoT consists of BlackBerry QNX, BlackBerry Certicom, BlackBerry Radar, BlackBerry IVY and other Internet of things (IoT) applications. Licensing and Other consists of the Company’s intellectual property arrangements and settlement award.


TSX:BB - Post by User

Bullboard Posts
Post by winafewon Dec 27, 2010 5:28pm
441 Views
Post# 17897686

Strong Buy Here?

Strong Buy Here?Metrics and prospects off RIM continue to look very good

1.  P/E ratio  =  $59/(1.74 x 4)  = 8.45 ??? (extrapolating last quarter earnings to full year)
2. $5/share cash on balance sheet, projected to rise to $7/share next quarter
3. no long term debt
4. Stock repurchases have reduced outstanding shares to 524 mil from 570 mil (Nov 09)
5. increasing sales and profits
6. Increasing subscriber base
7. should have technical support for the stock price in the ~$58 range
8. End of tax loss selling season

Future catalysts
1.  Continued release of Torch to new markets
2.  Potential upgrade of older models to new blackberry OS may be incentive for existing users to upgrade
3. Jan release of Playbook to North America, Apr release other markets.

Disregarding the mystifying doom and gloom projections of "expert analysts",
a typical valuation for a tech company with growing sales, profits, and cash flow, that has new products in the pipeline would probably be 12 to15 times earnings.  Which would inply a price target of $84 - $105.  Don't know if it will make it that high, but maybe $80? seems like a makeable number.

There is execution risk, a surprisingly high NASDAQ short position (28.5 mil as of Dec 15/10), and competitive pressures in this market, but current numbers seem to suggest that RIM is undervalued.  I've probably got too many shares and am still accumulating.  (bet big win big :)

All IMHO, do your own DD,
Bullboard Posts