Blackberry (NASDAQ:BBRY)
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The company behind the BlackBerry, Research In Motion provides a range of wireless hardware, software, and services.
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The company behind the BlackBerry, Research In Motion provides a range of wireless hardware, software, and services.
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RIM appears to be near the point of maximum pessimism. The market doesn’t have any confidence in this company but there are a few reasons why going long RIM is worth a serious look.1. Their new BB10 platform has potential to recapture lost market share and reestablish confidence in the company’s future moving forward. 2. The company could sell itself or find a partner. RIM is trading far below book value. There’s value in RIM’s patents, cash, secure network, services, subscribers, brand, software, subsidiaries, real estate, etc.3. If BB10 doesn’t work out, RIM could partner up with Microsoft (or Google) and build exceptional devices based on Windows Phone (or Android) and go from there, with added solutions of course.RIM is going through a rough transition and the stock may not have bottomed out yet. The next few quarters will be very bad, but at the current valuation this is a fantastic opportunity to open a long position.