BlackBerry Limited (BB)

[scon]

Remember when RIMM was at $70.88?
2-27-2010 Revenues for total year 2010 $14,953,000,000
Net Income " " " $2,457,000,000
Cash Flow " " " $3,000,000,000
Now compare with 2014 2nd QUARTER:
Revenue: $1.6 Billion ($6.4 Billion on yearly basis)
NetLoss: $965 Million ($3.68 Billion on yearly basis)
CashFlow:$486 million ($1.94 Billion on yearly basis)

What we have here is revenues down 57%,
Net Income down 139%
Cash Flow down 35%
Stock price down 89%
Cash flow being the better reflection of the financial results of
a company, a 35% drop in stock price to $43.24 is where BBRY
should be trading today.
Blackberry is not going out of business.
The biggest part of the loss comes from not recognizing revenue
from shipped smart phones that were not sold thru to the end
customer. That revenue will be recognized in the current 3rd
quarter when they are sold to end customers.

Wall Street has Blacberry stock priced wrong. Way wrong.
Expect a violent correction.
Very violent.
Very soon.