BB

BlackBerry Ltd

TMT


Presented:08/17/2017
Price:$8.72
Cap:$4.74B
Current Price:$2.49
Cap:$1.47B

Presented

Date08/17/2017
Price$8.72
Market Cap$4.74B
Ent Value$4.35B
P/E Ratio36.31x
Book Value$5.15
Div Yield0%
Shares O/S544.08M
Ave Daily Vol7,695,079
Short Int4.92%

Current

Price$2.49
Market Cap$1.47B
BlackBerry Ltd. engages in developing hardware and software solutions for mobile communications. It provides platforms and solutions, which supports multiple wireless network standards through the development of integrated hardware and software services. The company was founded by Michael Lazaridis, James Laurence Balsillie and Douglas E. Fregin on March 7, 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.

Publicly traded companies mentioned herein: BlackBerry Ltd (BBRY), Microsoft Corp (MSFT), Mobileiron Inc (MOBL)

Highlights

The presenter is short shares of BlackBerry (BBRY), expressing skepticism at BBRY’s status as a fast growing software company. Instead, he views the company a “hodgepodge” of declining or slowing businesses that’s being overvalued by analysts and investors due to overreliance on the narrative presented by management. He believes upside on BBRY’s QNX and Radar segments are limited while the Mobile Device Management segment is threatened by competitors. Using a sum-of-the-parts valuation model for BBRY yields a $7.50 per share fair value.

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Idea Discussion

Commentor 1 - 2 weeks ago

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