BlackBerry (BB.TO)

Their share of the smart phone market is now under 1%. They have a new device out – passport. Does not think they can compete against Samsung or Apple in the consumer market and they are now getting buried in the business market. The patents are getting less valuable and the cash is dwindling so he does not know why you would buy it.

Don’t make it a big part of your portfolio. He is a large shareholder and he also owns the debt. He is confident in the turnaround and that they will leverage the assets. They should turn a profit next year.

Starting to see a real turnaround. Today is their big day with the rollout of their new Passport. Likes the company from both a fundamental standpoint, where the numbers are improving, as well as from a technical standpoint, looking at the supply/demand where demand is in control of that picture. They may never be at the stage they were before, but they can certainly grow their business from here. As they reinvent themselves and take that in new directions, they’ll really start to gain market share back.

They can certainly compete in the business side. They have a strong franchise and some good leverage with people in that area. The issue is only if they can leverage their existing franchise.

This is a non-story. It is speculative. He is attracted to turn-arounds, but not like this. Prefers AAPL-O.

Loves this company. Bought this when it came down to the $7 range. Doesn’t have a model price. They will be launching a new phone this fall and he thinks security will be one of the main issues going forward.

This company has gone through a significant change in their business. They are really trying to make money on their enterprise system. He thinks there is a fair bit of risk in the business so he would prefer others.

The key in this case is the horse and the jockey. He likes John Cheng, who has a good track record. This is going to be a long haul. There are very few companies that have more noise about them. His Initial Sell Target price is close to $18. If they start to really turn around, he can see the company going far further than $18. They still have lots of difficulties. Management have announced the end of layoffs and are now looking at potentially hiring. That is a major curve in the cycle for him, so he is happy to hold it. When a company like this turns, it can turn fast and can really rocket.

Speculative. The stock has held relatively well. He is particularly fascinated by Mr. Chen. He goes in directions that will work. They still possess certain supremacy in the area of security. The consumer space is lost. BB has moved on now. Losses are falling. It now just seems to make sense.

(Market Call Minute) The easy stuff has been done – the cost cutting. We would actually have to see some execution.

CEO is a very, very strong operator. He has an enormous job to do. On a near-term basis, this is not that attractive to him.

To him, this is an under owned stock. Fairly disliked. When you get a stock like that which doesn’t make new lows, and actually has a series of higher lows, this could be acquired in here.

The restructuring is pretty much over and they are going to return to growth. It has always been about BBM with Blackberry. He doesn’t think it is time to buy the stock at all.

Likes this. Volatile, but has a lot of low hanging fruit. There are metric valuations that can be improved upon. It’s not going to be in the handset business, but more in software on the security side. New CEO is reinventing the company. There is still a massive Short position in the US, which is going to have to be covered at some point.

He finds this one too difficult to value. When you buy, you can get some kind of announcement out of left field. He sees the NAV as anywhere from $12-$15. You could get one of those numbers if you broke up the company, but if you don’t, an ongoing trading range is lower than the present price.