This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Yes, BlackBerry Is a Buy


One fact changing for shareholders is risk of ownership declines and the potential reward increases as the price falls, all else being equal. The company and the market agreed with Let the Bidding Begin for BlackBerry.

Fairfax Financial wasn't interested in actually buying the company and only wanted to generate interest and urgency from potential suitors. The board ousted Thorsten Heins as CEO because he really should have finalized the sale before BB10, not wait until after. Now it's up to you to decide if I'm right that BlackBerry is worth over $8 or not.

With shares near $6, the difference doesn't represent much on a per dollar share basis, but as a percentage, a 25% or more appreciation is significant. Make no mistake, BlackBerry the company (verses the stock) has declined in value over the six months, but I believe the shares have fallen proportionally more, creating a reasonable risk vs. reward. For this reason, I've recently started buying shares in my own account for the first time.

As I type in my Las Vegas hotel room (I'm attending the SMX Social Media Marketing Conference to gain an insider's perspective), I can't help but be reminded that an axiom applicable to Vegas equally applies to Wall Street:  "No, things don't have to get better, and yes, it can get worse."

In other words, BlackBerry is far from a sure thing, and I don't predict the future, only the odds. As always, perform your own due diligence and never leave yourself without a life jacket.

At the time of publication, the author was long J.C. Penney and BlackBerry.

This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.

2 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,086.30 +56.09 0.31%
S&P 500 2,092.06 +10.18 0.49%
NASDAQ 4,813.3650 +39.8930 0.84%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs