STOCKCHASE

There are lots of reasons why this company should be coming out with lots of good news.

2012-02-07

PAST TOP PICK

16.530

(A Top Pick March 29/11. Down 69.86%.) Almost had this as a Top Pick but the next 2 quarters could still be tough. Trading at 4X earnings. He will add to his holdings on any weakness.

2012-02-06

PAST TOP PICK

16.780

Robert McWhirter

(A Top Pick March 15/11. Down 71.41%.) Got stopped out.

2012-02-03

PAST TOP PICK

17.170

(Top Pick Feb 22/11, Down 74.94%) sticking with it. Likes changes they made. It is a bet on QNX.

2012-02-02

Comment

16.690

Ian Ainsworth

This is a tough call. Not a growth stock but more of a good value stock trading at very deep discount to normal valuations. The problem is that growth is decelerating very quickly. Have a couple of very tough quarters coming forward. Product line-up is weak right now.

2012-02-01

WAIT

16.400

He would hold it but not buy it. He wants to see how the new team works, what they will focus on going forward. They have a great franchise, new operating system so he is not despairing about the company.

2012-01-25

HOLD

17.240

He averaged down when it was in the 20’s. Has clients that do like this stock. Multiple is incredibly low. Off shore markets are doing better. He keeps hoping that someone will stop up and throw some money on the table. Thinks they have to get bought out for $25. No dividends, but earnings are still coming in. They have a good product. They are adding more apps.

2012-01-20

Comment

17.470

Paul Gardner, CFA

The problem is that the market share has just collapsed on them versus Apple (AAPL-Q). Assets and cash on the balance sheet is probably worth in the $12-$15 range so as a strategy to enter at this point is not so bad.

2012-01-18

BUY on WEAKNESS

17.760

This is a stock he has been interested in for quite a while. Would like to see it at $15. They are now talking about changes at the top and a possible sale to Samsung in South Korea. (Samsung has denied any interest in this company.) Stock has potential to go up quite a bit. Have lots of cash, no debt and some good products.

2012-01-17

SELL

15.920

Gordon Reid

Could be a turn around story but he describes it as a barbell. Wait of technology on one end that was not well marketed and on the other side is the potential for them to come out with a new technology that is really good and well received. Sold it in late November.

2012-01-11

TOP PICK

15.770

Gradually ratchets itself up as they make nice noise. They make no more mistakes and analysts have to start nervously adjusting their estimates upwards day by day. Speculative pick, very high risk.

2012-01-10

DON'T BUY

15.280

Michael Decter

Does not own it, did briefly at $40. Held for about a week. The problem is that he does not know who to compare it with. They are quite unique. Wonderful run and then… The two CEOs’ interest got diverted and they took their eye off the ball at exactly the wrong moment, as the world was getting quite competitive. They are a victim of their own success.

2012-01-04

DON'T BUY

15.710

Keith Richards

It has been in a downtrend and is not complete. You need a sideways down and up trend. He is not a buyer until he sees a bottom.

2012-01-03

PAST TOP PICK

14.640

(A Top Pick Nov 5/10. Down 74.56%.) At this point you are trading for less than the operating value of the company.

2011-12-28

DON'T BUY

14.640

Gavin Graham

This is a bet in the sense that it is trying to change technology which is the most difficult thing to do in technology. Managements’ track record has not been good.

2011-12-28

Comment

14.330

Rick Stuchberry

Why do they continue to increase market share anywhere outside of the US? From here, this may become a trader's paradise. For an investor, you really have to look at it and do your homework. This doesn't fit the style of business that he does, so he won't be buying. Feels you should take the position of being a trader at $14.

2011-12-22

Comment

13.970

Bought at $14 with a $12.75 stop loss. Felt it couldn’t go much lower and that the short sellers and tax loss sellers are just about finished. Market usually goes up from here into January. Comments? Could well be a great spec. Net free cash flow is doing very well and the subscriber base is growing rapidly.

2011-12-16

Comment

15.690

Value investment for the long term of 5 years? He has never owned this one. Doesn't like the handset market. Too unpredictable and too hit driven. Not a long-term business that he would want to own.

2011-12-14

HOLD

16.010

Becoming difficult to say at what level this should be purchased at. At some point, the surprise will come. Seem to be dogged by bad luck. Really a “no hope” situation which makes no sense at all. Revenues and earnings are still growing.

2011-12-13

WATCH

16.760

Trades at an incredibly low P/E ratio at under 5 times. Things aren’t really that bad yet but they keep on dropping the ball. He would like to see a couple of more quarters. If the world economy escapes the black hole of Europe, you could absolutely see this company doing better.

2011-12-09

DON'T BUY

16.720

Randall Abramson

Dusted off the file every month as the stock declines. How do you not look at it. Keeps reviewing it and reviewing it and is still not sure it is the place to be. Declining revenues, profits, market share, etc. You are fighting a declining fair market value. If he could get that installed base at a discount he would be interested but it would be below $10

2011-12-08

WAIT

16.800

Bruce Campbell

Sold his holdings because of disappointment quarter after quarter. QNX system is due in February and will either be the saviour or not Stock will be either $22 or $12.

2011-12-07

HOLD

18.810

Christine Poole

Wouldn't sell it down here but also wouldn’t commit additional capital. There is a floor on the price and she thinks we are near it. Very competitive space. Launched new phones and results will show up when they report their last quarter.

2011-12-01

DON'T BUY

17.950

He does not like the hand set business. Was burned by Nokia. Market leaders are Apple and the Android group. An industry he finds it very difficult to make money in.

2011-11-29

Comment

16.980

Hurt really badly lately. Lost significant market share and share price seems to hit new lows almost every other week, No debt and cash on the balance sheet. Have capacity to expand earnings. Doing quite well over seas. Patents are valuable.

2011-11-25

DON'T BUY

18.760

Gavin Graham

Selling less than BV but until the management demonstrates an obligation to migrate from BlackBerry to the next generation on a timely basis it might give them a place.

2011-11-18

PAST TOP PICK

18.610

Jim Huang

(A Top Pick June 22/10. Down 69.16%.) Still a very big player in the smart phones. Had some short-term stumbles but expected to have some new products come out but execution wasn't as good as it should have been. 1st quarter in 2012 will be very critical.

2011-11-14

SELL

18.410

Keith Richards

Chart shows that the trend is down. Took out a very strong level of support at around $24-$25. If he owned, he doesn't know if he would want to continue holding.

2011-11-09

DON'T BUY

19.100

Paul Harris, CFA

Trading at around 4X earnings now. Sold his holdings a while ago. Have not been clear about how they are running their company 2 CEOs. Have not executed very well in the last little while and the competition has taken over, which he feels will continue to happen.

2011-11-07

Comment

19.020

Trading below BV. Have lots of cash with no debt. Need another big product or 2. Would like it at $15.

2011-11-03

HOLD

19.180

John O'Connell, CFA

Below BV for the 1st time in 9 years. Previous transactions have shown these kind of companies get taken out about 70%-80% of sales, which would put a value on this one somewhere around mid $20's.

2011-11-02

PAST TOP PICK

19.180

(A Top Pick Oct 14/10. Down 60.26%.) Waiting for QNix, their new phone that is coming out in the new year.

2011-11-02

DON'T BUY

19.650

Lorne Steinberg

View has not changed. Problem is that they are no longer cool and are loosing market share quickly. Amazing how fast they can sink when that happens. RIM will have to spend a lot of money to get themselves back in the game. RIM has become a peanut in this business.

2011-11-01

DON'T BUY

20.160

Terrible looking chart and will probably go lower. Still have good revenues and earnings.

2011-10-31

PAST TOP PICK

21.170

(Top Pick Nov 5/10, Down 62.19%) Was a bad call Surprised how low they went. But he still owns it.

2011-10-28

DON'T BUY

20.890

Steve Carlin

Rumors they will be delayed on the next generation product and will miss Christmas. Another misstep by the company. Another value trap. They are loosing market share.

2011-10-26

DON'T BUY

22.580

David Burrows

Don’t buy based on a take-over possibility. There are lots of question marks that could make a buy stand back. Boxes of playbooks that might have to be written off. Contracts for components for playbooks that will never be built.

2011-10-25

HOLD

23.000

Recent outage cost them a lot of credibility in Europe. It has probably lost them some future sales. They are still earning pretty good money and have some very good products. Doesn't seem to want to break below $22-$23.

2011-10-21

Comment

22.610

Barry Schwartz

He is interested as a buyer at these levels. There is more value at $22 than what the stock market is giving it. They have a lot of patents and a phone that is not going away with 70 million users. New products are coming out.

2011-10-20

DON'T BUY

22.780

Stan Wong

Very, very cheap. 5x forward earnings. New operating platform announced but thinks it might be a little late. Was stopped out along time ago.

2011-10-19

HOLD

24.270

Christine Poole

Probably pretty good support at these levels given the service revenue they get. They will watch it for a few more months. Thinks they are doing relatively well. New phones at a trade show later this month.

2011-10-12

Comment

24.490

Lyle Stein

Thinks the stock went up because the market has been strong. Apple (AAPL-Q) disappointed in the context of what people were expecting. The bounce today is just as much a short covering rally as opposed to new fundamental investing getting in. Jury is still out on this company.

2011-10-05

Comment

22.200

Good speculation at this point based on the value of its patents and on the ongoing basis of its subscriber fees. Also massive growth opportunities in developing nations. If you are speculator, take a shot.

2011-10-04

Comment

22.200

Huge amount of cash on the books. No debt. Well-managed. He would classify it as a contrarian company but not contrarian enough for him to buy, but worth looking at. He would look at it more closely under $15.

2011-10-04

BUY

23.150

Still firmly in control of its great global network. Haven't got certain events synchronized which could have helped them. Things should improve with their new operating system coming out. Worth a punt.

2011-09-27

SPECULATIVE BUY

21.980

Veronika Hirsch

A tough one. Obviously very inexpensive. Numbers were not great last quarter and strategy seems to be broken. Lost investors trust. Guidance has not been right and a lot of products have not been successful. Not sure they can be taken over but it is possible. Good things could happen to it but she says it is an unloved stock in a volatile market.

2011-09-23

DON'T BUY

21.980

Positive is the patients. Not sure what the total value is and if it will entice a take-over. The problem is with handsets and the whole business. Apple and Google are running circles around them. Motorola and Nokia used to be leaders in the space.

2011-09-23

HOLD

21.690

Reported very disappointing results. With QNX operating system still out there early in the new year and the Blackberry 7 selling very well, there was enough positives to keep him in the stock.

2011-09-21

BUY

22.600

Market seems to have a hate on for this stock and yet it has very good enterprise positioning. They are in many businesses that are not going to disappear. It is profitable and have potential room for growth. He is tempted at current levels. Cheap multiple.

2011-09-20

DON'T BUY

22.600

Lorne Steinberg

Has a lot of things going against it. They lost their mojo. Have been coming out with devices late for the last couple of years and they are almost as good as the competition. Just too much downside. QNX is not out until next year and yet iPhone5 is coming soon.

2011-09-20

DON'T BUY

29.490

Barry Schwartz

The problem is what is pervasive in every tech company. Most of the tech companies are trading at 6, 7 or 8 times earnings so why would you buy something that is trading higher? Have a lot of good products coming on board.

2011-09-14

DON'T BUY

29.700

Mike S. Newton, CIM FCSI

In and out 6 times with 4 losses. He is stepping back. Apple is eating its lunch. He doesn’t think it has much more upside. You could buy a one-year call option because you never know if someone will come along and buy it.

2011-09-13

BUY

30.630

Ron Meisels

It’s not a favourite stock. At its recent low, he thought it was very oversold and now recommends it as a short-term trade, but then it’s over.

2011-09-06

BUY on WEAKNESS

29.590

Don Vialoux

Been negative on this one for a long time but finally there are technical signs that it is trying to bottom. Currently up 30% from its low. Seasonally, the period of strength is from mid-Oct to the 2nd week of January. Has a hunch that it has finally reached its bottom. There could be weakness between now and mid-Oct.

2011-09-02

DON'T BUY

27.890

Doesn’t meet his criteria of being under $25. Interesting now that Steve Jobs(Apple's CEO)has resigned. Rim scares him. It has been badly beaten up. If it were much cheaper than it is now, he would look at it seriously. No debt, huge revenues and moving into other markets.

2011-08-25

DON'T BUY

26.270

Chyanne Fickes

There's a saying “never buy a cheap technology stock” and this one is very cheap. Domestic revenue is on the decline and they are losing market share. Doesn't make a good package for her.

2011-08-22

TOP PICK

26.430

(A Top Pick Sept 09/09. Down 55.12%.) Finally seeing some decent reviews on the 7 operating system. Valuation at only 4, 5 times earnings. There may be some disappointment in the current quarter. Risk in the next quarter or two until the earnings traction can pick up but if all you do is stabilize.

2011-08-19

WEAK BUY

26.430

Is tempting but he would like to see it build a little more of a base. Just came out with 7 new products, which are selling reasonably well. Trades under a 5 times multiple, which is amazing for a growth stock. No dividends. If you are a risk taker, this is not a bad bet. Could be a takeover target.

2011-08-19

DON'T BUY

26.480

Andrew Hamlin

His concern would be if they could compete enough on the innovation and product launch fronts. Very competitive industry.

2011-08-16

PAST TOP PICK

26.590

(A Top Pick Aug 11/10. Down 57.62%.) Thinks it has no bottomed and has added some shares to some of the aggressive portfolios. Trading at less than 5X earnings.

2011-08-15

HOLD

22.580

John O'Connell, CFA

Be prepared to hold it like there was no way to sell it. Is falling behind its competitors. Make sure it does not become an outsized position. Don’t average down. It’s still a show-me story.

2011-08-09

DON'T BUY

21.810

Rick Stuchberry

Looked cheap at $50, looked cheap at $40 and looks cheap now but let the company turn and the market tell you that they have some of their problems fixed. You are way better to pay $2 more than to grab it here and watch a slide more.

2011-08-08

TOP PICK

22.910

Bill Carrigan

Has deviated so much from the mean that it is a screaming buy. It is almost 50% below the 200 day moving average.

2011-08-05

HOLD

24.420

Rim is up against the wall. New models today are not the promised land – new software systems in them. Is dirt-cheap and is expanding dramatically in emerging markets. Worries a bit that he is too clever. He is not interested in selling it. Maybe IBM will buy it out J

2011-08-03

DON'T BUY

24.370

Handset business is a bad business to be in. Apple (AAPL-Q) is a big name now with a whole bunch of players who do Android. There is no assurance that in 5 years any of those players will be the dominant player. The business is too unpredictable.

2011-07-27

DON'T BUY

25.860

Steve Carlin

Value trap. Very cheap on the basis of forecasted earnings. Trading 5-6 times earnings. They are losing market share, especially in the US. Last quarter was showing signs of weakness on international growth.

2011-07-26

BUY

25.860

Getting to be quite compelling from a value point of view. They are not going to disappear. A good company that the market has not got much favour with. Over time if they can grow earnings and grow internationally then people will attribute a multiple like the piers have .

2011-07-26

PAST TOP PICK

25.190

(A Top Pick July 23/10. Down 56.09%.) Had never imagined they would drive evaluations down to these levels.

2011-07-25

DON'T BUY

26.470

David Baskin

From one point of view, it looks like an enormous value. When you look at the way they lose market share, the way Apple (AAPL-Q) keeps eating their lunch and what happened to their Playbook tablet device, you realize it is a value trap.

2011-07-22

WAIT

26.470

Richard Fogler

Growing domestically and especially over seas. The problem is that the technology hasn’t improved in 5 years. New QNX platform is due to come out soon. He is looking at it.

2011-07-22

HOLD

25.260

Hold at current. 2 current news items are disconcerting. 1) Apple's (AAPL-Q) blow-out numbers. They are also starting to make progress in emerging markets. 2) Manager who brought Playbook into existence has gone to Samsung. If you own, put a stop loss in 5%-10% below current price in case stock gets pounded unexpectedly.

2011-07-20

DON'T BUY

25.260

Derek Webb, CFA

This is a stock you have to stay away from. The business is massively under attack from both Google (GOOG-Q) and Apple (AAPL-Q). Dirt cheap, but dirt cheap stocks can be real value traps.

2011-07-20

WAIT

26.240

Would have to be under $25 to be on his watch list, but he is watching it. One of the best balance sheets out there. No debt or stupid acquisitions. What they need is killer products. He has a lot more faith in management than other analysts out there.

2011-07-15

DON'T BUY

26.180

Lorne Steinberg

No debt and a great long-term track record. Trading at 5X trailing earnings. The whole cell phone/wireless market has really become a consumer dominated market. This one has suddenly become uncool. Missed the last product cycle. Being something that is almost as good is not good enough. Also losing a lot of ground on the corporate side.

2011-07-14

PAST TOP PICK

27.000

Jim Huang

(A Top Pick June 22/10. Down 55.38%.) They're still holding their subscriber growth. There is tremendous value in this stock if they can get the execution right.

2011-07-13

BUY

27.520

Ross Healy

Fallen to about 1.5X Book Value. ROE, even with severely cut back earnings, is still better than 20%, so it is getting fairly cheap. The real concern is the long term survivability against its competition. Now a trading stock, Not a Buy and Hold.

2011-07-12

Comment

27.520

Bruce Campbell

Key problem is the speed of getting technology into the market place. QNX technology is fine, but the space and speed of it is the problem. Statistically it is as cheap as you can imagine. Possibly it is a take-over target. Next earnings report is Sept 16th. He took his weight down to half before the last call.

2011-07-12

PAST TOP PICK

27.800

Brian Acker, CA

(A Top Pick July 8/10. Down 46.73%.) His model price is $70.98. iPhone 5 is coming out. If the news gets really bad he thinks this will go down to $20.

2011-07-08

PAST TOP PICK

27.870

(A Top Pick June 23/10. Down 56.84%.) Stock appears to have bottomed out in the last 2 to 3 weeks but there is still work to be done.

2011-07-07

DON'T BUY

28.300

Jeff Parent B. Eng. FCSI

Would avoid this stock completely. There are way too many down gaps. (A gap is where a stock has a substantial price movement.) Doesn't think everybody that wants to sell it have sold it yet. Wouldn't be surprised to see it trading down around $25 in the next couple of months.

2011-07-04

HOLD

27.880

Rick Stuchberry

If you own, let a little more water go under the bridge and see if you can get some kind of product mix catalyst for the upside. If you are going to Sell wait for some form of a rally first.

2011-06-30

DON'T BUY

27.740

Ian Ainsworth

In a difficult transition. Stock could move up as they roll out Blackberry operating system #7. Expecting to introduce quite a few new products in late August, which could help. They hope to have the QNX kernel out early next year and if it looks like it is on time it could continue to hold in. Longer term they have to address the issue of their competition.

2011-06-28

DON'T BUY

27.740

David Burrows

Loves devices, but he has to see numbers that were pointing to something better, but over the last year things changed. They have fallen behind on the numbers. Over the last few months the stock price was telling you there was an issue. They have a big challenge – they haven’t caught up to the first iPhone. It’s hard to make money in a ‘value’ technology stock.

2011-06-28

DON'T BUY

27.610

Paul Harris, CFA

He sold RIM just below $44 as this was his stop loss. They are an enterprise company and are trying to be a retail company. Consumers want a lot of apps and so on and they weren’t able to accomplish this. This is the whole issue with RIM. They are not used to coming up with consumer products.

2011-06-23

Comment

27.610

Stan Wong

Trading at about 4.5X forward price-earnings so he is now starting to look at it. Some of the rumours about it being taken over is possible at this price. Outside of North America, the market is quite firm for them. (His company has an Outperform on this stock.)

2011-06-22

DON'T BUY

25.410

Andrew McCreath

Given what we have seen Nokia go through, it is far from clear that this company may not be a value trap. Would prefer Apple (AAPL-Q).

2011-06-21

HOLD

25.410

Christine Poole

Just reported a very disappointing quarter and all of the bad news was immediately reflected in the stock price. Didn't sell her position. They need to get product out there. Sentiment is very negative. More than $5 per share in cash. Still has 60 million subscribers and about 25% of the US smart phone market share so there is still value.

2011-06-20

Comment

25.410

Getting to the point now where it has been oversold. There are a lot of companies that are in worse shape and sell for far more than 6X earnings. Don't count on anything in terms of a quick turnaround. Excellent technology and leaders in many areas.

2011-06-20

Comment

27.240

Michael Simpson, CFA

US analysts have given up n this a long time ago but Cdn analysts still hung. Feels their Playbook is not a bad product technically. No debt and cash on the balance sheet. Feels it is getting pretty close to a bottom. If they can earn $3.50 or $4, it’s a pretty cheap stock.

2011-06-17

Comment

27.240

Bill Carrigan

When in doubt, go the long-term charts. Support was back in 2004-2006 with the median being around $27. The lowest point was $22, so the stock has to stay there. Currently it is at critical support. Had 7 down corrections since 08, which is extreme. If you are going to bottom fish, it would be here.

2011-06-17

SELL

34.370

Mohsin Bashir

Wouldn’t be comfortable stepping in yet. Looks like a falling knife. Listen to the conference call coming later today to hear the language and the tone.

2011-06-16

Comment

34.370

David Baskin

Down about 15% after hours so expects it’s heading for $30 tomorrow morning, maybe a little less. Worse case scenario, for 2012 is that they make $5.20. They’ve got $4-$5 of cash in the bank. If you take that off, it means you are paying 5X this year’s earnings. Market thinks they will continue losing market share to Apple (AAPL-Q) but they have a huge installed base and people are not going to throw away their Blackberries. May be a value trap.

2011-06-16

DON'T BUY

34.460

John O'Connell, CFA

Clearly missed a whole product cycle. Rumours that the 2 Co-CEOs are not talking. Company is obviously in disarray. Guiding towards $7.50 in profit. If they miss that and earn something like $6 there is value. Question is, can they pull themselves out of a tail spin in terms of good new products. If it got down to $30 he “might” be interested.

2011-06-15

PAST TOP PICK

35.340