BLACKBERRY LTD. $8.46 (Toronto symbol BB; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 526.8 million; Market cap: $4.5 billion; Price-to-sales ratio: 0.7; No dividends paid; TSINetwork Rating: Speculative; www.blackberry.com) has started selling its new Z30 touch-screen smartphone in Indonesia.
The Z30 is cheaper than Apple’s iPhone and devices that use Google’s Android software, which should help BlackBerry maintain its high share of Indonesia’s smartphone market.
The company now predicts it will probably lose money in the fiscal year ending February 28, 2015. However, it expects its recent job cuts, real estate sales and other cost-cutting measures will let it earn a profit in fiscal 2016.
BlackBerry is still a hold.