The Bouncing Blackberry

Posted by Mark Jasayko, CFA, Portfolio Manager

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McIver Wealth Management Consulting Group / Richardson GMP Limited
Blackberry – One Year Chart
Blackberry – Seven Year Chart

A new year, a new CEO, a new strategy (sort of), and new hope expressed by shareholders of Blackberry. 

And heck, the plummeting Loonie can’t hurt, especially in selling cheap phones in the Middle East and Africa.

That said, we have seen hope ebb and flow with Blackberry before.  It is one of those Canadian stocks that we have seen in the past that is offered reprieve after reprieve from investors.

And, to put things in perspective, check out the seven year chart of Blackberry above.  It is hard to spot the recent bump compared to where the stock has been before.

 

Blackberry (BB) is not held in the McIver-Jasayko Model Portfolios as of January 22, 2014.  Comments about BB are not intended as advice and do not constitute a recommendation to buy, sell, or hold.

The opinions expressed in this report are the opinions of the author and readers should not assume they reflect the opinions or recommendations of Richardson GMP Limited or its affiliates. Assumptions, opinions and estimates constitute the author’s judgment as of the date of this material and are subject to change without notice. We do not warrant the completeness or accuracy of this material, and it should not be relied upon as such. Before acting on any recommendation, you should consider whether it is suitable for your particular circumstances and, if necessary, seek professional advice. Past performance is not indicative of future results.  

Richardson GMP Limited, Member Canadian Investor Protection Fund.

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