Seeking Alpha is reporting some discontention amongst those valuing and apparently devaluing BlackBerry Ltd. (BBRY) stock. From the analysis it seems they believe the stock is valued closer to $16-$20. Perhaps it is a bit opinion based but their evidence is summarized well:
- BlackBerry's latest earnings showed improvements in profitability, cash flow and transitioning of the business to software in addition to a "do over" in mobile hardware.
- Despite analysts ragging on BBRY for the better part of the last two months, the stock is up about 20% since earnings.
- Good news is likely afoot for BlackBerry, whether it's as accretive acquisitions or more people valuing the company through a "sum of the parts" lens.
- BlackBerry is worth closer to $16-$20 based on the sum of its parts and a potential buyout situation.
Chances are the news of the Oslo, acquisiton news of WatchDox, their continued commitment to security, and/or their partnership with Samsung has sparked more interest. It's no surprise to me.The more BlackBerry does to prove to investors they're here to stay, the more investors will...well...invest! And if some investors happen to be reading this, don't take my word for it, you might want to consider The Wall Street Journal's recommendation too.