Bullboard - Stock Discussion Forum 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... see more

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BlackBerry Ltd > Hat Tip to DT

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Post by blackberry on Feb 25, 2021 7:04pm

Hat Tip to DT

Place your bets
When I talk about bets, I want to be clear: I don’t mean you should start looking for the next short squeeze. That is a very dangerous game. In fact, the reason it’s called a short squeeze is because short sellers who bet the stock would lose money were forced to buy the stock just so they wouldn’t see their losses increase even further — not the best investment strategy, especially when the stock collapsed almost immediately after.
So when you place your bets on a stock, it should be as a long-term hold. It’s not really betting at all, frankly. You’re investing in a company’s fundamentals, believing it has the strength to go the distance. That’s why it’s a great time to get behind a company like BlackBerry Ltd. (TSX:BB)(NYSE:BB).
But here’s the great news. There could be yet another BlackBerry frenzy like we saw at the beginning of the year. Even one similar to GameStop stock. Why? Let’s dive in.
Deep value in post-COVID recovery
You might not consider BlackBerry stock as a solid post-COVID recovery play. However, the company’s recent movement comes largely from the announcement by the United States President Joe Biden that electric vehicles (EV) – and other green energy initiatives – will see massive investment worth billions of dollars.
Even better, President Biden stated he would be changing 650,000 federal vehicles into EVs. This announcement is just further fuel to the fire that is the EV industry — an industry that will see massive influence in BlackBerry stock. Several motor companies have announced plans to have a full-fleet of EVs and plug-in hybrids by 2030. The entire industry could be worth $1 trillion by that point, according to estimates!
And what company will many of these companies use for their in-car software? BlackBerry. The company even partnered with Amazon Web Services to improve its IVY platform, and make cloud-based data safer and more user friendly. With Apple and Google also potentially entering the car industry, BlackBerry stock could rise as its QNX software remains at the forefront of autonomous vehicle use.

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