BlackBerry (BB.TO)

Test they are doing is in the labs of all the carriers (60-90 days). It is positive in that it is getting closer and closer. The last quarter impressed him because of increased subscribers and cash. The refresh cycle will surprise people to the upside. Stock price is reflecting ultimately going out of business. In the end the release date does not matter. In the end is it a device that will bring back the customers. What you get with BB10 is multitasking.

Last year was a huge down year for them. They were strong yesterday and today which was probably because they announced they were now testing the new Blackberry 10. In his estimate, this is probably the last chance for the company to turn around on an operational basis. If Blackberry 10 does not have a good reception come the 1^st quarter next year, the company will have no choice but to be sold. (He owns a little bit.)

New operating system is due out in the 1^st quarter. They have a lot of problems and he feels they are in a death spiral. Not sure he would put any money to work here.

This one is too hard to tell. There is certainly an upside story if they get their act together. However, they have bled a huge amount of cash out of their balance sheet with 2 bad quarters of huge losses. The bigger problem is that a lot of corporations were solely BlackBerry and now have gone multi-product.

(Market Call Minute.) Speculative value could be enormous. Doesn’t know if they will ever attract a buyer.

Has been in a downtrend but is attempting to break the downtrend line. There is a neckline happening at around $8.20. In late June, there was a gap down from $9 down to around $8. If we break this neckline this would penetrate that longer down trend line and an area of consolidation. If this happened, as a speculative position, you could bet that it will fill the gap up to around $9 and possibly be short-term bullish for the stock. Do not look at this unless it breaks through $8.20.

One of these companies that doesn't pay a dividend so it is hard to say it is worth X Y or Z. He likes to use dividends as a benchmark for valuation. With RIM you are looking for BB10. He goes with stocks that pay a dividend.

Feeling a bit more comfortable about this company but is still not ready to take a position. Results were better than expected. Built up their cash by reducing inventories during the quarter so with the introduction of BB10, they are going to have to start building those inventories back up again so the cash drain you are going to see in the upcoming quarter is what he had anticipated for the previous quarter. Worth watching. Would also like to have tax loss season behind him first.

Looking at this is one very, very closely. Had a good run and is up 6 days in a row. Didn’t have great results this past quarter. Lost an awful lot of money but many analysts perceived they would lose that much more so they think that is a good sign. Hearing both good things and criticisms about the future release coming out in the new year.

He is focusing most of his attention these days on dividend stocks. Looking at the chart, technically, maybe it is worth a shot here. You could probably buy it but you are taking a risk. Liked the last quarter.

He is focusing most of his attention these days on dividend stocks. Looking at the chart, technically, maybe it is worth a shot here. You could probably buy it but you are taking a risk. Liked the last quarter.

Execution has been the real problem with this company. They keep pushing the BlackBerry 10 off but they are missing the key holiday season.

Losing market share hand over fist. However, there is value in the stock but he can’t see it. Some experts have been nibbling.

Failure with them was that they were an enterprise company and made a utilitarian product for the enterprise and then tried to make something cool for the retail environment but it didn’t work. This is very much of a “show me” story. New product next year has to consolidate that presence and that’s the only thing that is going to save them.

Smart phone market share is down to 4.8% from 11.5% in the 2^nd quarter of 2011. This company is falling further and further behind. While they are working on their new phone, Apple’s iPhone 5 is coming out and there are a whole bunch of new Android devices that have come out. Microsoft with its Windows 8 platform is going to take market share from everybody he suspects.