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BlackBerry Limited Message Board

  • sexyrisk73 sexyrisk73 May 16, 2013 9:47 AM Flag

    Scotiabank Analysis of May 15 (after Blackberry Live)

    If y'all don't follow Gus Papageiorgiou's analysis you really should. He called prior to BB Live that BBM would go to all platforms. He is also calling for (gulp) 0.87 EPS this quarter! Fortunately he has been reasonably accurate on earnings forecast for the last few quarters but he is in the bull camp for sure. Here are his comments:

    Recent Update Text as of 15MAY13 . BlackBerry held its annual BlackBerry Live event in Orlando yesterday.
    "New Q5 brings BlackBerry 10 to developing markets. With the majority of
    BlackBerry's subscribers in emerging markets, where devices do not benefit from
    carrier subsidies, we believe the lower-end Q5 BB10 device will drive a huge
    upgrade cycle in the latter half of this year.
    . BBM goes cross platform. As we predicted in our preview piece, BlackBerry will
    make BBM available to iOS and Android devices. We believe the strategy helps the
    . company transition to a software and services model.
    Mobile computing strategy begins to show its potential. BlackBerry will support
    and monetize cross-platform services using the Secure Work Space solution for
    iOS and Android devices. In the longer term, BlackBerry envisions connecting
    machines, such as cars, through its network.
    . Significant upside opportunity. Buy the stock. We believe the Street's estimates
    for both hardware and services are too low. With the Q5 launching earlier than
    expected, Q10 doing well, and BES 10.1 providing cross-platform BlackBerry
    services, we believe BlackBerry is well positioned to beat the Street. We
    maintain our Sector Outperform rating."

    When does an analyst tell you to "buy the stock". Pretty interesting comments; he's got his finger on the pulse. I will take his comments, Peter Misek's and Chris Umatowski's anyday over Pacd Crest, Canaccord and the other haters.

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