TSE:BB

BlackBerry (BB.TO)

11.75
-1.10 (8.56%)
as of Oct 30, 2026, 8:00:00 pm Market Closed.
581 watching
0
COMMENT
Is always too expensive. Keeps growing into its earnings. Thinks it will continue going up. Suggests you buy the iUnits Info Tech (XIT-T) which is about a third of RIM and you get all the rest.
BUY
Likes this company a lot. Extraordinarily volatile. High PE of 47X’s. He looks to see if the rate of profit growth is fully discounted by the stock price. This one looks inexpensive to him. Will probably go higher in the next couple of years.
DON'T BUY
As a value investor this stock trades at multiples and parameters beyond his concepts. Had a very modest disappointment in earnings but the stock took a big haircut. Doesn't feel the stock could withstand too many disappointments.
BUY ON WEAKNESS
Missed earnings by only $0.01 and stock dropped 10% in after-hours trading. Doubled its earnings growth and has huge subscriber growth. Doesn't think it will be able to compete with Apple (AAPL-Q) in the consumer space. If the pulls back a reasonable amount, you will want to own it.
DON'T BUY
(Market Call Minute.) He is not a buyer of this one although targets are a lot higher.
COMMENT
Q; Will they ever pay a dividend? A: Doesn’t expect they will as they can make good use of their cash for growing the business. Likes the stock, but doesn’t own currently because of his caution on the market. Good growth opportunities over the next year and a half to two years.
TOP PICK
Market share of about 10% in Canada, 5% US and 3% UK. (About 1.5% globally.) Has a huge opportunity in Europe and the rest of the world. With the iPhone now being subsidized you are getting smart phones at the same price as high end cell phones..
DON'T BUY
(Market Call Minute.) Thinks they’re under threat from Apple (AAPL-Q).
TOP PICK
(Pair trade going long RIM and short Palm.) Apple (AAPL-Q) lost share in smart phones, RIM picked up about 10 points and Palm picked up about 5 or 6 points but Apple doesn't have its iPhone in stores today. Apple will be coming out with a really hot phone and will probably kill Palm’s resurgence.
HOLD
This kind of stock gives them nightmares because they don’t own it. Every time they looked at buying it they felt the valuation was too high but are proven wrong. Is a high beta stock, moving much more than the market – down or up. It’s risky because of its dominance with the blackberry – not guaranteed going forward. Brilliant in their execution.
COMMENT
P/E on next year’s earnings is 35X and earnings are growing by 30%-35% annually. Company has proven that they are a world dominator. When you have a mandate like this, a position of world strength, it is hard not to ignore it. On a dark day, he would really look at it very seriously.
TOP PICK
Free cash flow generator. Huge growth. Blackberry Bold is being well received. Have had a couple of great quarters on the consumer side and thinks that stays for a while. You can buy this for a lower PE than its growth rate.
DON'T BUY
Thinks it will pull back some more. Trading at 70X earnings and 40X next year’s earnings. Pretty aggressive expectations. Fabulous company and a great product. Thinks increasing smart phones will take market share.
TOP PICK
Continues to beat expectations. Fundamentally a great story. Has sold off a bit and he expects another run. He also wrote a $140 June call option on it.
BUY
(Market Call Minute.) Strong earnings, good revisions and good market share gains over the next year.
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