With shares of BlackBerry (NASDAQ:BBRY) trading around $8, 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 said that the cost of its planned restructuring will be around $400 million, a figure four times bigger than BlackBerry’s previous estimates, according to documents the company filed with U.S. regulators. BlackBerry plans to lay off 4,500 employees while revamping its smartphone lineup in a desperate attempt to return to profitability. The company posted a loss of $965 million for its fiscal second quarter and expects the losses to continue into next year.