251 More Nails in the BlackBerry Coffin

Since its peak of around $133 back in the summer of 2008, BlackBerry's (NASDAQ: BBRY  ) share price has taken more than enough tumbles to scare investors away. And if the news from last week is any indication, investors would do well to stay away. In the following video, Motley Fool analyst Lyons George discusses why the latest round of layoffs at the Canadian smartphone company are particularly troubling -- and why even the most courageous of value investors should think twice before reaching for BlackBerry.

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Read/Post Comments (23) | Recommend This Article (3)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On July 28, 2013, at 5:40 PM, flori72 wrote:

    Your table shows 1 month, 3 years and 5 years prices. Why those choices? How about the 1 year price, do you not like that it shows +30%?

    How about Fool's beloved Apple 1 year price? -30%.

    BBRY still employs over 12'000 people by the way.

  • Report this Comment On July 28, 2013, at 6:42 PM, OracleofOmahaha wrote:

    Funny how the bbry fan boys will always have excuses for any bad news. When bbry is out of business they will still be talking about how the company is going to make a comeback. These people are so annoying and obnoxious they make you not want to support the company.

  • Report this Comment On July 28, 2013, at 6:42 PM, Ghgcd wrote:

    Geez didn't you realize the people laid off had to do with the play book? Including the executive you mentioned

  • Report this Comment On July 28, 2013, at 6:45 PM, Ghgcd wrote:

    Boy you guys know how to spin things. The layoffs have to do with the play book, which they discontinued.

  • Report this Comment On July 28, 2013, at 7:00 PM, i7up2001 wrote:

    Fools are at it again , Are you even able to put things in perceptive? Do you know how many of the more than 12000 employee were working in this division, How many were connected to Playbook? How many were just part of boxing the large manufacturing demand of launching 3 new phones in a few months? Or are you using any news for other purpose? Like protecting your beloved apple investment or friends shorting Blackberry ?

  • Report this Comment On July 28, 2013, at 7:08 PM, i7up2001 wrote:

    Also note that there is over 200 jobs opportunity open on Blackberry website!

  • Report this Comment On July 28, 2013, at 7:35 PM, goog2013 wrote:

    can not agree with Oracle more.

    I have to say those bbry fans/pumpers are just sosooso annoying.

    Just look at above, one guy even saying Apple 1 year price dropped 30%.

    BBRY is just a dying company, period.

  • Report this Comment On July 28, 2013, at 8:30 PM, i7up2001 wrote:

    There might be a more concerning news in the Smartphone industry :Apple SVP Bob Mansfield Disappears From Top Leadership Page? Is it the end of Apple . I just sound like the article above.

  • Report this Comment On July 28, 2013, at 9:47 PM, TimmyBee123 wrote:

    How is saving $5 - $10 million a year a bad thing?

  • Report this Comment On July 28, 2013, at 11:15 PM, fideline wrote:

    BlackBerry is already dead as evidenced by Telefonica (300 million customers) dropping their platform. The US customs and many other departments have already switched to other platforms from BBRY. It's snowbolling around the world and Telefonica is the last to kick them out!!!

  • Report this Comment On July 29, 2013, at 12:48 AM, HelpIsHere wrote:

    Please end these videos.

  • Report this Comment On July 29, 2013, at 1:19 AM, Rockthebest wrote:

    Guys guys don't you know

    Motley Fool = Garbage

    Now you know, spread the word

  • Report this Comment On July 29, 2013, at 9:32 AM, mxh070 wrote:

    Guess the fools missed the news about an ios emulator for BB10 this morning. So far 50 of the top 100 app have been working on the z10 the programmers are still refining the emulator hopefully they get it to 100% as this will open up apples iTunes app selection to all bb10 users.

    http://n4bb.com/ios-apps-run-blackberry-10-using-ios-app-pla...

  • Report this Comment On July 29, 2013, at 11:00 AM, goog2013 wrote:

    All I can say is bbry really trapped lots of retail investors, just like once its big brother-nortel.

    A clearing dying company,

    but lots of pumps everywhere.

  • Report this Comment On July 29, 2013, at 12:15 PM, Oril wrote:

    Apple stock price dropped 30 %. Yeah that is annoying, particularly for you apple fanboys who have been making a living bashing blackberry.

  • Report this Comment On July 29, 2013, at 12:25 PM, Oril wrote:

    Apple dropped 30% and its a profitable company. Just imagine how fast its going to drop when people realize how useless these expensive outdated iPhones really are.

  • Report this Comment On July 29, 2013, at 3:33 PM, valas12 wrote:

    I would definitely stay away from BBRY stock if the only info I received was from the fool. Too bad I actually do something called "research" prior to making investment decisions.

    I guess i'm not a good American due to the fact that I do this funny thing from time to time. It's called "thinking".

    BlackBerry will be fine. Do you actually believe what you are shoveling or do the bashing requests come in as a daily work order?

  • Report this Comment On July 29, 2013, at 3:58 PM, cbglobal wrote:

    So you think they should keep product testers that were hired to test a new product even after the product is finished and their job is done??? I would not trust you running a lemonade stand

  • Report this Comment On July 29, 2013, at 5:50 PM, OracleofOmahaha wrote:

    bbry has dropped 47% after hitting a high of $18.32. But everything is going to be just fine.

  • Report this Comment On July 29, 2013, at 6:14 PM, OracleofOmahaha wrote:

    After today's close bbry is down 52.6% from a high of $18.32. But bbry is up .12% in after hours trading. Just hang in there.

  • Report this Comment On July 29, 2013, at 9:33 PM, valas12 wrote:

    That's the plan Jack. Good luck with your smear campaign.

  • Report this Comment On July 29, 2013, at 10:25 PM, valas12 wrote:

    That's the plan Jack. Good luck with your smear campaign Oracle. We've been to the puppet show and have seen the strings.

  • Report this Comment On August 01, 2013, at 9:22 AM, roseldlcruz wrote:

    @goog2013

    You are annoyed because you yourself is annoying! Go troll somewhere else!

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