10 Minute Investing Canada
10 Minute Investing Canada
10 Minute Investing Canada
011 - Blackberry Analysis
15 minutes Posted Feb 6, 2021 at 9:39 pm.
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Blackberry (BB ; BB.TO)

For those of you laughing at me thinking of your Blackberry from 2010, Blackberry is no longer a cell phone company, but a software and cyber security company. 

their QNX software is an operating system for electric vehicles, and is used by 19 of the top 25 EV makers and accounts for 61% of the EV market. The EV market was roughly $5B in 2018, and some estimates have it pegged near $17.77B by 2024. estimates from researchandmarket.com

Blackberry IVY is their intelligent vehicle data platform, which will help to manage data and communication between vehicle owners, charging stations and the manufacturers. IVY is set to benefit from the pre-existing partnership Blackberry has established with their QNX system, which is in 175M EVs currently. 

Blackberry also has a healthy patent portfolio, with recent sales to Huawei to increase cash and invest in their IVY and Blackberry SPARK projects. They are currently in litigation with Facebook over other patents, and the general sentiment on the litigations is that Blackberry is the favorite to come out successful. However, Facebook is a giant with near unlimited funds to spend on litigation so do not count your chickens before they hatch. 


Full disclosure I do own some BB.TO stock.

My price range for adding to my position would be near $10-12 Canadian. I would have interest anywhere under $13 CDN. This would be about $8-10 USD if you are trading the stock on the NYSE. 

Zack's recently upped their price target on BB to $29, which I personally think is quite rich, but does show you the high end potential this stock could have if the right catalysts fall into place. 


**All analysis is my own, and these are my own opinions. Please seek a financial professional before making any investment decisions**