BlackBerry: Doubling Down Or Running For The Hills As Mr. Market Stumbles?
- Equity markets have consolidated strongly over the last three weeks, which now makes a contrarian investment in beaten down BlackBerry even more attractive.
- Investors have used higher volatility to rid themselves of riskier investments like equities, including turnaround investments like BlackBerry.
- BlackBerry has the potential to surprise on Passport smartphone sales in the next quarter.
- BlackBerry's high cash and investment value per share limits downside risk.