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BREAKING- Blackberry Up On Two Positive Seeking Alpha Articles (BBRY)

Update: Blackberry strength may also be attributable to alleged pictures of its Z15 and Z30 phone as well as reports that the Q10 is selling out.


Smartphone maker, Blackberry (NASDAQ: BBRY) is up nearly 2 percent in early trading Monday after two Seeking Alpha articles recommend buying the stock at current levels.

An article titled, “BlackBerry: Hold Your Nose and Buy?” said that the stock has a clean balance sheet and trades below book value. Author Ashraf Eassa said,

If there’s one thing that can be said about BlackBerry, it’s that its balance sheet is as clean as a whistle. With $5.48/share in cash, the business is valued at a mere $3.44/share. While the quoted book value of just north of $18 might be a bit of a stretch in trying to estimate what investors could actually get from a liquidation sale, I do believe that the business itself — despite the fact that it’s in deep trouble — is probably worth more than $3.44.

The second article, “BlackBerry: Now The Dust Is Settling, Time To Load Up On Shares“, touts unique features of the BB10 operating system and mentions the strength of the BlackBerry Enterprise Server.

BlackBerry Enterprise Server can be used by other devices, including iPhones and Androids. This is an example of how BBRY is working to make itself viable over the long term, by keeping their strong name intact for security and control policies, regardless of whether their own BB10 platform turns out to be a big success or not.

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Disclosure: At the time of this writing, the author had no position in the company mentioned.

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