Will Recent News Send BlackBerry Stock Higher?
With shares of BlackBerry (NASDAQ:BBRY) trading around $11, 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, including email, voice, instant messaging, SMS, Internet, intranet-based applications, and browsing. Its products and services include 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 could have a buyer as soon as November, according to people familiar with the matter who spoke to the Wall Street Journal. The sources said BlackBerry has been in talks with parties interested in buying the company as a whole or in pieces since the struggling smartphone maker announced it would explore some “strategic alternatives” in August. The board of the company wants the sale process to move quickly and is hoping to find a buyer by November.