Friday, June 28, 2013

BlackBerry at ten bucks a share is a tremendous buy opportunity

The market made a wildly pessimistic over-reaction to the numbers that BlackBerry released earlier today, driving the share price down nearly 30%.

That's good. BBRY cred in the so-called developing world is excellent, much better than in the saturated "mature" markets, and the Q-5 roll-out in that world has scarcely begun.

The quarterly loss announced today is one tenth of the loss experienced in the same quarter a year ago, when the stock was still over $8.

At ten bucks BlackBerry will make you 50% before the next quarterlies are announced.

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