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Originally Posted by fleury
What are others thoughts on blackberry? The more I’m reading I’m starting to buy into the thought of security being the next big wave and with blackberry seemingly turning a corner are they in a good position for growth in the next year?
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I have been a long time suffering shareholder of Blackberry for approx 10 years. I have been through a million up's and down's with this stock, overall it was a bad move on my part 10 years ago since I didn't understand what I was getting into as much as I should have.
That all being said, I do think they are posed for some solid growth in their core business over the next few years. The core business they are in is in cyber security, no mobile phones. One of the issue's that they suffer from is market name perception. The company used to be called Research in Motion (RIM) than somebody made the decision to rename the company Blackberry, after their product that was failing in the market (2013)
They have a few different lines of business in providing security solutions to enterprise and government entities. Their future growth is based on their QNX operating system and securely connecting internet connected devices and services.
The recent explosion in the stock price is primarily attributed a few things.
1) Exclusive deal with Amazon for a platform for cars and the transportation industry. More info can be found here.
https://blackberry.qnx.com/en/aws
2) Patent sale and Facebook lawsuit settlement: Blackberry recently sold a patent portfolio to Huawei for mobile phones and settled a long standing lawsuit with Facebook for their WhatsApp messaging platform. Details haven't been disclosed yet but it could provide a nice cash cushion or a nice royalty stream in the subsequent years. We will see at the next earnings release.
3) This one I am not that familiar with but it appears that Blackberry and some other stocks have been really promoted on the site Reddit under the form WSB. Wall Street Bet's is a group of people on Reddit who like to trade and find companies that they feel are on the verge of explosion. "Going to the Moon" I know it sounds insane but this group is approx 1 million followers and they get all in on certain things.
Does anybody follow Wall Street Bet's on Reddit? Any thoughts on this? I have recently seen their posts and I don't know if I should follow, invest, laugh, cry, call a securities regulator. It's crazy!
Sorry about the long post