They're shifting to straight software development. No hangups with manufacturing.
All their software is going to be used in autonomous vehicles. Big money on the horizon with BB
"all their software"?
How is it going to be used?
Just because something may possibly kinda sorta work in a theoretical future vehicle doesn't mean it actually gets to that and things price accordingly.
Pardon me if this is shit you already do, but I'm writing it out for shared interest...
When I analyze a stock like this I ask myself a number of questions (some people focus on other stuff obviously):
-Bull case (best scenario. So....a small royalty on how many millions of cars per year? Creates a company valued at ___? What multiple of current valuation would that be? Does another company buy them out? At what price?)
-Bear case (worst case. software is useless, company loses marketshare for whatever their software does vs a competitors, based on debt it falls too __)
-% short float (How many ppl are betting against this stock already, which creates artificial buying if they exit their against-bet, which requires repurchasing some borrowed shares they sold to short the stock)
-Insider buying or selling
-Analyst ratings (can be bogus, but worth seeing published sentiment)
For BB I do see an attractive possibility of reversal, but would want to figure out wtf their software actually does these days before putting bets on it. I play some single day flips on it earlier in the year, but I think it was at higher levels.