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BlackBerry analysts say Lazaridis was smart to sell shares

27
Dec
2013

Questionable decisions have plagued BlackBerry’s co-founders for years, but one decision that even the analysts have condoned is Mike Lazaridis’ recent sale of more than 3 million shares of the company’s stock. A quick glance at BlackBerry’s recent history might scare off even the most uninformed investors, so Lazaridis took advantage of the huge spike following the Foxconn news and interim CEO Jason Chen’s confidence-building comments during the company’s earnings call to dump a significant portion of his stake. The Wall Street Journal shares comments from two BlackBerry analysts following Lazardis’ move: “It’s smart for him to sell now, while it’s still a liquid stock,” said Daniel Ernst, an analyst at Hudson Square Research. “I think they’re finally seeing the writing on the

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