One of the ghosts of a bygone era in smartphones may soon be rising from the dead. Global Equities Research analyst Trip Chowdhry recently explained why he believes BlackBerry Ltd BBRY 0.56% could be on the comeback trail.
According to Chowdhry, BlackBerry is well positioned to play a central role in President Donald Trump’s proposed $1 trillion infrastructure spending initiative.
“BBRY can be the intelligent infrastructure system provider for the new collar industry, which we think could e 10% of [a] $200 billion infrastructure spend, or $20 billion,” Chowdhry says. New collar jobs are next-generation jobs that are a hybrid of blue collar (trade) jobs and white collar (professional) jobs.
The firm’s bullish outlook for BlackBerry stock occurs on a 2-3 year time horizon. In the meantime, Chowdhry says the company’s quarterly earnings and revenue mean “nothing.”
“Our bullish investment thesis on BBRY is based on its charismatic leader John Chen and his ability to create another phenomenal success at BlackBerry, similar to that of Sybase, while leveraging President Trump’s $1 trillion infrastructure spend,” Chowdhry adds.
In addition to the infrastructure spending initiative, he sees…
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