Immediate valuations place NO VALUE on the new BBRY Smartphone, the PRIV. In fact, I would go so far as to say that investors believe the PRIV will be a flop. The interesting part is that this is already seen as a negative catalyst, a non-winner if you will, and the improved revenue projections do not suggest a robust reception for PRIV at all, which changes the dynamic completely.
If it can't be a negative, could it be a positive?
As I have said before, the handset business continues to be a wildcard for BBRY. The company has already stabilized, integrated mobile security businesses are already growing, valuation is already good, growth rates are already quantifiable, significant short interest is already there and may need to cover, and the PRIV was just released.
The PRIV cannot be a negative, that's already been built in, but it can be a huge positive. I am not sure if it will come, but if there is even a slight hint that the PRIV is being received well on a global basis BBRY is going to spike even more than it has over the past week or so.
In my opinion, BlackBerry is back. Investors should take notice.