mgiuliani

BlackBerry (BB)

Long
NYSE:BB   BlackBerry Limited
BlackBerry seems poised for solid advances in this fiscal quarter. In our view earning per share will be 0.05 USD, with revenue of 250 million. The company posted February-quarter earnings of 0.03 USD a share, yet sales fell 26% year over year, and 4% sequentially. Cash position is safe: the company ended last fiscal year with $739 million in cash on hand and $720 million in 5-year convertible debentures.

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