Even if you’ve got the patience of a long-term investor like Prem Watsa, the opportunity costs of being stuck in an untimely play like BlackBerry is pretty high. To enable Verizon Media and our partners to process your personal data select 'I agree', or select 'Manage settings' for more information and to manage your choices. This Billionaire Went Nearly Broke by Choice, These 2 Expensive Things Are Keeping You Poor. Enter your email address below to get started now, and join the other thousands of Canadians who have already signed up for their chance to get the market-beating advice from Stock Advisor Canada. BlackBerry (TSX:BB)(NYSE:BB) stock has been tough to own for long-term investors. At the time of writing, shares trade at 1.5 times book value, which, while cheap, may not justify an investment amid mounting macro headwinds. We and our partners will store and/or access information on your device through the use of cookies and similar technologies, to display personalised ads and content, for ad and content measurement, audience insights and product development. While the company has the right management team to get the ship headed in the right direction, it could take many more years for the BB stock to sustain a big bounce thanks in part to pandemic headwinds that have hit BlackBerry’s end markets.”. BlackBerry’s end markets have taken a hit amid the COVID-19 crisis, and the longer-term implications remain unclear. Just Released! Cenovus Stock Is Up 115% in 6 Months: Is Now the Time to Buy. BlackBerry's stock has been cut in half over the past 12 months as the enterprise software company's return to growth was overshadowed by its declining … Simply put, there's no real reason to buy BlackBerry now when there are plenty of other high-growth tech stocks to choose from. © 2020 The Motley Fool Canada, ULC. While there are other businesses (the newly-launched Spark suite of products) that can offset pressures on the company’s embedded QNX business, I’d continue to recommend steering clear of the name until further evidence that the firm can grow its organic revenues sustainably. Aurora Cannabis (TSX:ACB) SOARS 15% in 1 Day Then Loses $1.8 Billion! Should You Invest in Suncor (TSX:SU) Stock for Its 5% Dividend Yield? This suggests a possible upside of 34.9% from the stock's current price. appeared first on The Motley Fool Canada. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. The COVID-19 crisis is just another thorn in the company’s side, and while the company does have compelling assets as well as a front-row seat to some of the most lucrative areas of the tech (such as IoT and cybersecurity), BlackBerry’s complicated growth story is too unpredictable to form a financial model that’s of any value. BlackBerry (TSX:BB) (NYSE:BB) stock has been tough to own for long-term investors. “For now, I remain skeptical over the complicated turnaround story that is BlackBerry. On average, they anticipate BlackBerry's stock price to reach C$8.43 in the next twelve months. Find out more about how we use your information in our Privacy Policy and Cookie Policy. The COVID-19 crisis took a serious bite out of BlackBerry’s gross margins (they fell to 69%) in the first quarter. 5 Stocks Under $49 (FREE REPORT). Although BlackBerry has abstained from giving formal guidance, as many COVID-hit firms have during this crisis. Despite the fact that there are many good reasons to buy this stock… This is your chance to get in early on what could prove to be very special investment advice. Even the most patient BlackBerry investors have yet to be rewarded, as the stock has been stuck in limbo for many years now. All rights reserved. Forget Aurora Cannabis: Buy This Pot Stock Instead! The COVID-19 crisis, which has acted as a significant tailwind for numerous software solution providers, served as a major headwind for BlackBerry, as the slowdown in the auto sector has weighed on BlackBerry’s results in the first half of the year. The Motley Fool Canada » Investing » BlackBerry (TSX:BB) Stock: Buy Now or Wait? Motley Fool Returns Stock Advisor S&P 500 Speaking of contrarian and value investing, check out these terrific picks curated by the team here at the Motley Fool! I understand I can unsubscribe from these updates at any time. BlackBerry Ltd (TSX:BB)(NYSE:BB) has come a long way since the smartphone, but while that's true it still has more to prove before shares really take off.The post Don't Buy BlackBerry Stock… Yet appeared first on The Motley Fool Canada. The post BlackBerry (TSX:BB) Stock: Should You Buy Now? More reading. Not to alarm you, but you’re about to miss an important event.
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