% | $
Quotes you view appear here for quick access.

BlackBerry Limited Message Board

  • amanda270luu amanda270luu Mar 28, 2013 1:23 PM Flag

    This Analyst makes sense...

    CNBC‘s Carlos Quintanilla hosted a bear this morning, Kris Thompson of National Bank Financial, who has an Underperform rating on the shares and a $10 price target. Said Thompson,

    It’s hard to suggest investors take a long term hold in stock because we don’t ultimately think Z10 is going to be that successful. Look at the math: the subscribers declined by 3 million, they shipped about 5 million of the BB7 devices, so if you look at the math, that means they lost about 8 million of their old BB6 and 7 subscribers. That makes sense if they have about, call it 60 million consumer subs, with the average contract length being two years, you’d expect over two years you’d have about 8 million per quarter maturing, so I do think you’re going to have number falling further as the old platform becomes more and more stale.

6.869-0.191(-2.71%)2:49 PMEDT