Why Some Investors Can’t Say Goodbye to BlackBerry

blackberry stock sellKim Kardashian wasn’t the only one expressing her desire to keep BlackBerry Ltd. around for a long time this week. The company’s chief executive John Chen took to LinkedIn to let everyone know he’s in this for the “long haul” too.

Such pronouncements should be of some comfort to BlackBerry investors, though the value of Ms. Kardashian’s endorsement is dubious at best, but they also know that the “long haul” has proven to be very painful for more than a few years.

In the past, the smartphone maker was considered too speculative and not suitable for conservative portfolios. As a result, plenty of people didn’t own the stock in the summer of 2007 when it was trading above $200.  Read More…

This article has 10 Comments

  1. Blair

    Wow have times really changed. Not too long ago Blackberry was the darling on wall street and now no one wants anything to do with them. 🙁

  2. Aidan

    BB is the new Palm Inc.

  3. Willis Bonnel

    Do they still make those funny looking keyboards on their phones? Seems so retro.

  4. Victor Y.

    Blackberry was one of Canada's finest achievements. What a shame.

  5. Melvin

    I still own this stock but alas i have lost about 40% of my value. Not a big deal since i got in while it was low and was hoping for a much quicker, albeit, temporary fix so that i could get a nice return before flipping it. Guess i was wrong. I will still hold it though.

  6. Nikita Rigo

    What i cant figure out is why Black Berry seems more focused on trivial software like their messenger which i saw was available on Android too? Is that all they have planned to save themselves?

  7. Davion Z

    You can thank Apple for their demise. And good riddence. The problem with BBM is that they refused to innovate. They chose the path of just putting out what was already done.

    If they can't stay nimble then bye!

  8. Carson Fairchild

    Chen can try all he wants its not going to help. Anyone in the investment game as long as i have knew this revamping strategy was not going to work. It was merely reorganizing the chairs on the Titanic.

  9. Ulrich Seidner

    Ah yes where would a blackberry article be without mentioning the other doomed Canadian company: Nortel.

    I worked for both and i am starting to think i am jinxed.

  10. Theodore Haddock

    So much for our foray into tech to show to the silicon valley folks that we too north of the border were innovators 🙁

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