Can BlackBerry Stock See a Turnaround?

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With shares of BlackBerry (NASDAQ:BBRY) trading around $6, is BBRY an OUTPERFORM, WAIT AND SEE or STAY AWAY? Let’s analyze the stock with the relevant sections of our CHEAT SHEET investing framework:

T = Trends for a Stock’s Movement

BlackBerry is a designer, manufacturer, and marketer of wireless solutions for the worldwide mobile communications market. Through the development of integrated hardware, software, and services it provides platforms and solutions for seamless access to information such as email, voice, instant messaging, SMS, Internet, intranet-based applications, and browsing. Its products and services feature the BlackBerry wireless solution, the Research In Motion Wireless Handheld product line, the BlackBerry PlayBook tablet, software development tools, and other software and hardware.

BlackBerry is losing two more long-term executives as the struggling smartphone maker attempts to undergo a massive turnaround after abandoning plans to sell itself last month. According to a report from the Wall Street Journal, executive vice president of global sales Rick Costanzo and mergers and acquisitions strategy head Chris Wormald will be leaving the company in the coming weeks. Costanzo will be gone by early 2014, while Wormald plans to leave before the New Year.

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