BB Stock – BlackBerry Hasn’t Given Investors a Good Reason to Own BB Stock
The r/WallStreetBets crowd picked some strange targets when it roiled the markets in January. Few are stranger than BlackBerry (NYSE:BB) stock.
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Certainly, the choice of BB isn’t quite as odd as a micro-cap headphone manufacturer or a third-tier cannabis stock. But I’d ask any investor buying BB stock based on Reddit optimism or hopes for a “squeeze” a simple question: What, exactly, is the bull case for the stock?
There is an answer to that question, certainly. For every stock that isn’t a fraudulent pump-and-dump (which BB obviously isn’t), there’s an answer to that question.
The problem for BB stock is that there doesn’t seem to be a particularly good answer.