Morningstar Analyst Says It Makes Sense For So Many BlackBerry Rumors To Surface

Speaking to Benzinga, Morningstar Analyst Brian Colello said that it makes sense so many M&A rumors surface about BlackBerry Ltd (NASDAQ: BBRY).

Shares of BlackBerry closed down Thursday more than 19 percent on a Wednesday evening rumor of a Samsung buyout.

Colello said the reason for all the rumors is that BlackBerry put itself up for sale, but still has several valuable assets, including its QNX automotive infotainment operating system and 44,000 patents.

“They’re the leader in security systems and still have top-notch secure devices,” he said. “As smartphone makers try to break into the enterprise and sell more to corporations and businesses, those security features have some real value.”

As an analyst, Colello said he interprets each rumor in the context of what he already thinks about the company to decide whether the rumored deal would be good or shareholders and make strategic sense.