The Globe and Mail reports in its Tuesday edition that BlackBerry currently trades at around $5.60, up from its bottom of $4.31 early this year. Guest columnists Benj Gallander and Ben Stadelmann write that under $5, the troubled tech player could be a buy -- something the Mr. Gallander did and was rewarded. New chief executive officer John Giamatteo has been the president of BlackBerry's cybersecurity business since 2021. He replaces John Chen after 10 years in the top spot. Having someone who has worked at the company for a few years should help with the transition. Mr. Gallander says he is content to hold his shares and if the stock price dips under $5, he might add more. This newsletter writer would prefer to sell at a much higher price and move on from this stock. The beauty of this play is that it has proven to be quite profitable thus far, but in a much more complex way than the methodology of buying a position and then selling part or all of it when a sell target is reached. "We almost look like traders with this enterprise, which is certainly not our modus operandi," the pair write. They add that the BlackBerry movie was enjoyable, and the subsequent TV series is one way to avoid any drama in the stock price.
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