BlackBerry Limited (BB)

[GreenGenie]

BBRY By Wells Fargo Securities


I LOVE this report from Wells Fargo Securities:

http://www.barrons.com/articles/blackberry-may-be-profitable-by-ending-hardware-1465840921

A very reputable source: They believe "Shutting down the hardware business would be accretive... ...If the company were to shut its hardware business down, we estimate fiscal 2017 revenue would decline to around $1.07 billion from our current $1.91 billion but estimate gross margin would increase to 79.5% from 50.5% and operating margin to 17% versus our current negative 0.8% forecast. All else equal, this would equate to a fiscal 2017 earnings-per-share estimate of 27 cents versus our estimate for a loss of 10 cents. We also note this would reduce balance-sheet risk and volatility as well."

This upcoming 10-q in two weeks will be very interesting. I'm emotionally attached to the hardware and in no hurry, but this hammers home my point about it just not mattering whether hardware succeeds or not. I know investors want it now, but I'm patient. These are accumulation prices. I'm certain the future is very bright, and I'd rather wait five years, not one year. Software continues to amaze.