Why You Shouldn’t Count Research In Motion Ltd (BBRY) BlackBerry Out

Low-hanging fruit?

As exciting as it is for BlackBerry to have a chance to drive subscriber growth from outside its ecosystem, investors shouldn’t forget about the company’s less-than-stellar smartphone turnaround efforts. Last quarter, only 40% of devices that shipped were of the freshly minted BlackBerry 10 variety, indicating that the company’s turnaround efforts haven’t thus far been well received. Additionally, the company is bleeding subscribers, which generate profitable revenue streams over their lifetime, putting a greater sense of urgency on the company to improve the outlook and not tap into its $3.1 billion of cash.

Arguably, with expectations solidly planted in the basement, BlackBerry doesn’t have to hit a massive home run with Secure Work Space for the stock to be a home-run investment at these levels. A few signs of life could turn things around in a hurry.

The article 1 Huge Reason You Shouldn’t Count BlackBerry Out originally appeared on Fool.com and is written by Steve Heller.

Fool contributor Steve Heller owns shares of Apple and Google. The Motley Fool recommends Gartner. It recommends and owns shares of Apple and Google.

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