Seeking Alpha

BlackBerry off another 6% as sell-side weighs in

  • Big bull Peter Misek throws in the towel, removing his Buy rating and cutting the price target to $8 from $15. While there is "substantial value" for BlackBerry's MDM business, the handset operation has negative value (vs. his prior estimate of $0).
  • RBC cuts to Sell.
  • Its price target hit and then some, Credit Suisse removes its sell rating on the stock, upping to Hold.
  • Nomura: "This might just be the worst miss that we have seen in 17 years of covering tech stocks."
  • Previous: Mike Lazaridis may have interest in a bid for the company.
  • BBRY -6.4% premarket.
Comments (5)
  • Deja Vu
    , contributor
    Comments (1380) | Send Message
     
    Forget BBRY. Where be the $AAPL sales numbers?
    23 Sep 2013, 07:37 AM Reply Like
  • rocketship9
    , contributor
    Comments (103) | Send Message
     
    9 million in first weekend.... a record. Guess you BBrs underestimated the popularity of fart apps.
    23 Sep 2013, 10:12 AM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (2032) | Send Message
     
    Reuters/Financial Post:

     

    "BlackBerry Ltd’s retreat back to corporate market is unlikely to stem decline"

     

    "...BlackBerry Ltd’s plan to retreat from the consumer market in favour of its traditional strength serving businesses and governments is widely seen as a desperate move that industry watchers warn will only accelerate its downward spiral...."

     

    http://bit.ly/16lqzWQ
    23 Sep 2013, 07:58 AM Reply Like
  • Loon-a-tick
    , contributor
    Comments (1756) | Send Message
     
    Gosh with all the bad news I'm surprised the stock didn't go to -3$ today in pre market. Just think the money the shorts would make if that could happen.
    23 Sep 2013, 08:12 AM Reply Like
  • mikebator
    , contributor
    Comments (1636) | Send Message
     
    Sales numbers shocked me. I love bb10 someone including BlackBerry please save This awesome OS!
    23 Sep 2013, 08:34 AM Reply Like
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