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BlackBerry's Turnaround Is All About CEO John Chen -- and He's Just Getting Started

Well, Morningstar questions BlackBerry's ability to return to profitability, but does so based on the challenges it faces with competition against Apple and Google's Android-based products.

That's a mistake. 

In the world of tech, the landscape changes so rapidly and consistently that the only thing you can count on is the leadership.

Apple started and flourished under Steve Jobs' vision. He left, and the company came so close to failing that Microsoft (MSFT) invested in the company out of fear that government regulators would declare Bill Gates' company a monopoly. Once Steve Jobs returned, the company shot straight up, never looking back, and leaving previous shareholders who sold wondering why they didn't hang on for the ride.

Naysayers don't understand this. They don't get that it isn't about the products sold yesterday. It's about the direction the company is taking for tomorrow. Reviewing the financial results last quarter and comparing them to last year is a useless exercise. Changing the CEO removes the ability to make reliable comparisons.

Chen's reputation is on the line. If he says the company will return to breakeven within a year, you should believe him. There isn't a financial metric that can disprove him.

I don't know how far BlackBerry's shares will rise, but I do know there are a lot of people that wished they didn't sell their Apple shares at the first sign of light at the end of the tunnel.

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At the time of publication, Weinstein had no positions in securities mentioned.


This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff.

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