BlackBerry Limited (BB)

[kelvin777]

Another joker ANALyst, James Moorman. The way he talks is like he is having problems speaking. He downgraded the stock to a sell like any other quarter he downgraded. He kept the target the same as before at $12. I am amused by the silly show. Watch for yourself.

http://watch.bnn.ca/#clip926247

Here is his old ANAlysis.


CIO Network
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2/20/2013 @ 9:30AM |3,009 views
BlackBerry: S&P Capital IQ Repeats Sell; Trims Target, Ests
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S&P Capital IQ analyst James Moorman this morning reiterated his Sell rating on BlackBerry shares, while trimming his target price by a buck to $12, “based on sum-of-the-parts analysis and higher expected cash burn.”

The analyst also widens his projected losses for the company: For the February 2013 fiscal year, his loss estimate widens by 2 cents to $1.23; for FY 2014, by 8 cents to a loss of 55 cents; and for FY 2015 by 8 cents, to 11 cents.

“We are concerned about carrier support for the Z10 U.S. launch, with only 3 of the top 4 carriers selling it,” he writes. “Several new handsets expected to launch this spring and summer could dilute the Z10's impact. We believe many die-hard users may wait for the Q10 [which has a QWERTY keyboard], which we expect in May or June.”

BBRY this morning is down 40 cents, or 2.8%, to $13.96.