What's BlackBerry Worth and How Far Can It Go? A Contrarian Take
By See It Market May 07, 2013 10:00 am
While shorts may have the mobile device industry right, the market has the BlackBerry wrong.
BlackBerry Valuation – Optimistic Case:
BlackBerry Valuation – Pessimistic Case:
Given the base case liquidation value at ~$14.34 and the 10-day trading range, if you can catch BBRY on the dips, you're essentially buying the future of mobile computing for free, or a steep discount at the very least.
Not only does BBRY have promise as a long-term buy and hold (due in part to my thesis on BBRY valuation), but the stock has had a huge trading range over the last two quarters, making for a trader's paradise (or hell).
This article by Max Moore was originally published on See It Market.
Disclosure: Minyanville Studios, a division of Minyanville Media, has a business relationship with BlackBerry.
Author Max Moore has a position in BBRY.