Will BlackBerry Find a Buyer?
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’s takeover bid from Fairfax Financial Holdings is looking even less certain, as Reuters reports that BlackBerry is in talks with Cisco Systems (NASDAQ:CSCO), Google (NASDAQ:GOOG), and SAP (NYSE:SAP) about selling itself as a whole or in parts. Of particular interest to buyers is BlackBerry’s patent portfolio and server network. Expressions of interest from potential buyers are due by early next week. Fairfax’s $4.7 billion bid for BlackBerry has come under question due to financing concerns.