I Know First published a bullish forecast on BlackBerry, a Canadian telecommunication and wireless equipment company, on Seeking Alpha. Having explained how I Know First’s algorithm works, it is worthwhile to see if the algorithm agrees with the bullish fundamental analysis of the company. The one-month, three-month and one-year forecasts for BlackBerry are included.
Package Name: Top 10 Stocks Recommended Positions: Long and Short Forecast Length: 1 Month (06/22/2014 - 06/22/2015) I Know First Average: 15.93% (Long) & 12.53% (Short)
Package Name: Industry Package – Tech Stocks Recommended Positions: Long & Short Forecast Length: 14 Days (5/24/15 – 6/07/15) I Know First Average: 9.93% long; 2.25% short
Package Name: Industry Package – Tech Stocks Recommended Positions: Long & Short Forecast Length: 14 Days (5/29/15 – 6/12/15) I Know First Average: 7.60% long; 3.46% short
During the last week of March, BlackBerry Ltd. (BBRY) announced its earnings report from the most recent quarter. While the company surprised market analysts with adjusted income per share of 4 cents, compared to a loss of 8 cents a year earlier, revenue continued to fall. After posting revenues of $976 million in the same quarter a year ago, it fell to just $660 million as BlackBerry sold only 1.6 million smartphones. While the falling revenue is disappointing to investors, the job the management team has done so far since taking over sets the company up as an interesting investing idea looking ahead to 2016.
In our previous article, after receiving strong bearish signals for Blackberry (BBRY) we recommended to short sell the stock in the one-month horizon. This eventually materialized to a decline of over 10% and a nice short profit. The problem was that Blackberry had no estimable value, rather very speculative guesses by the market and investors. Recent rumors that Samsung (005930.KS) might be pursuing Blackberry patents might add enough implied value to make the stock an interesting investment. Why Blackberry Is Worth Looking At Every piece of information we receive has a meaning, sometimes more valuable and sometimes less. When the news broke out that Samsung was bidding on Blackberry it was a much more significant event than most people realized. In fact, the information was the first estimate as to what the company’s worth might actually be in the future. Below are some obvious and simple conclusions, assuming the bid was real - which has recently been confirmed by various sources.
I Know First-Daily Market Forecast, does not provide personal investment or financial advice to individuals, or act as personal financial, legal, or institutional investment advisors, or individually advocate the purchase or sale of any security or investment or the use of any particular financial strategy. All investing, stock forecasts and investment strategies include the risk of loss for some or even all of your capital. Before pursuing any financial strategies discussed on this website, you should always consult with a licensed financial advisor.