I've been bearish on the company and would have saved investors anywhere between 30% to 50% by suggesting to avoid the stock. Here are just a few of the headlines:
Those were months ago. Back when the stock was hovering in the double digits, depending on which article you go back to. But the point isn't to gloat or brag.
Even I've considered buying the stock lately. Trading a few pennies north of $6 seems like a bargain, right?
I was pondering the idea from a trading perspective -- because no way does it make sense from an investing perspective -- of buying a stock this beaten and this battered.
Admittedly, for as much hate as I tossed on BlackBerry and its recently ousted CEO Thorsten Heins, the company does have value. It carries no debt and has $2.34 billion in cash on hand. The software side of things also has value.
But the first thing that should come to most investors' mind is the cash level. Many are asking themselves, at what point does the stock trade at cash levels?
In BlackBerry's case however, that might be the wrong question to ask. Several months ago, that level was here, near $6 and change.