BBRY: Stock Can Double in Two Years / ah oui?

Charter Equity Research‘s Ed Snyder was on CNBC‘s “Street Signs” talking about the 21% rise in BlackBerry shares this year.

While Snyder, thinks some euphoria will melt away when the company first starts to report data for its Z10 smartphone, which goes on sale today at AT&T  via pre-orders, nevertheless he argues the stock can double in two years’ time:

" Pretty high expectations, just has to deliver on them. Their [Lenovo's] CFO even mentioned [a month ago] that they had been taking a look at BlackBerry, so it’s more than a rumor, but it’s a long long way away, you have lots of hurdles, including the Canadian government giving the okay to a Chinese firm acquiring one of its telecom giants. The fundamentals will be a little more difficult, now it’s blocking and tackling, and it’s a lot tougher environment today than when BlackBerry first introduced the smartphone. They have lots of cash, they’re gonna be around for a while, but it’s going to be a real fight. The stock is going to be a lot less attractive once the first results come in, and people see it’s going to be harder to take back share. It’ll double couple years from now. The company is not going to disappear, though someone might buy them. They are cash-flow positive, they’ve got a big bank account, they’re out of the woods in terms of cash burn."