Analysts: BlackBerry Overshot Tangible Assets and 3 More Research Notes to Look Over

BlackBerry (NASDAQ:BBRY):┬áPacific Crest believes that many investors may not have realized that BlackBerry has $5.3 billion in off-balance sheet purchase obligations, as the company disclosed in a June regulatory filing. The firm thinks the company’s balance sheet likely overstates the value of its tangible assets while its IP value has been diminished. The firm keeps an Underperform rating on the stock.