This isn’t news.
How many times do we have to read something like this?
Great, short article from Mark Hulbert: Why Wall Street couldn’t say ‘sell’ on BlackBerry
Commentary: Until the bitter end, worst analyst rating was ‘hold’
Until Monday’s apparent bitter end, when the company announced a deal to go private at $9 a share, the worst that the average analyst could bring himself to say is that Blackberry was a “hold.”
on Zacks’ five-point scale, with “1” denoting a strong buy and “5” a strong sell, BlackBerry’s consensus rating Monday afternoon was 3.68.
Hulbert’s article is well worth a read. I’m still shaking my head. Incompetent is probably the kindest label.
