BB
BlackBerry Ltd
TMT
02/03/2014
Presented
| Date | 01/29/2014 |
| Price | $10.04 |
| Market Cap | $5.27B |
| Ent Value | $3.13B |
| P/E Ratio | N/A |
| Book Value | $6.39 |
| Div Yield | N/A |
| Shares O/S | 524.60M |
| Ave Daily Vol | 26,900,000 |
| Short Int | 24.85% |
Current
| Price | $2.49 |
| Market Cap | $1.47B |
| BlackBerry Limited engages in the design, manufacture, and marketing of wireless solutions worldwide. It provides platforms and solutions for access to email, voice, instant messaging, short message service, Internet and Intranet-based applications, and browsing through the development of integrated hardware, software, and services. The company’s technology also enables an array of third party developers and manufacturers to enhance their products and services through software development kits, wireless connectivity to data, and third-party support programs. Its products, services, and embedded technologies include the BlackBerry wireless solution, the BlackBerry Wireless Handheld product line, the BlackBerry PlayBook tablet, software development tools, and other software and hardware. The company also provides BlackBerry Enterprise Service 10, an enterprise mobility management solution for device management, and security and mobile applications management to BlackBerry smartphones, BlackBerry PlayBook tablets, and BlackBerry 10 smartphones. In addition, the company offers development platform that allow third party commercial and enterprise software developers to build and deploy custom applications to run on BlackBerry smartphones; products and technologies to third party developers, wireless carriers, and enterprise customers to develop, distribute, and manage these applications; and a range of software development tools. Further, it provides the BlackBerry Messenger Social Apps Platform; and push, payments, advertising, location, map, analytics, and Scoreloop services, as well as repair and maintenance services. The company sells its BlackBerry wireless solutions through wireless communications carriers and third party distribution channels. The company was formerly known as Research In Motion Limited and changed its name to BlackBerry Limited in July 2013. BlackBerry Limited was founded in 1984 and is headquartered in Waterloo, Canada. |
Please note, on 10/16/17 BlackBerry Ltd (BBRY) changed its ticker symbol to BlackBerry Ltd (BB). The content of this idea will make reference to the original ticker symbol.
Highlights
The presenter said his long position in BlackBerry (BBRY) is “just a trade” for now, but he likes the risk/ reward at present levels ($10) and believes there’s a high probability the market buys into what he sees happening at the company. He disclosed that he was short BBRY from the $15-16 level, and rode the position down to $6; however, during BBRY’s most recent earnings call their investment outlook changed dramatically due to the commentary of CEO John Chen. The company is in the midst of an aggressive transition from handset/ device manufacturer to an enterprise software services company, and the long trade is based largely on the belief that Chen may be able to make progress faster than skeptics and the Street expect.
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