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- Ya... I hear ya. Their name has been tossed around for almost a year now regarding BlackBerry too. It does become tiresome after a while.09-09-13 07:18 AMLike 0
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- I'm done having missed this "news." I don't want to chase it here at the open. Prem is in a tough spot being in at $17 but now also having a fiduciary obligation to his new pension fund partners, if it is true, not to overpay. I hope it opens $1.00+ higher, but for me its just too risky to chase as I'd need for (1) the rumor to be true, (2) for the price to go higher than the spike up and (3) I don't see a bidding war developing. If there are cheap short term 15 strike call options I'd consider those, but I suspect they will spike as well.
Look at the DELL chart, this is how it often goes and here there was a minor bidding war. No tmuch upside unless you are already in:
http://chart.finance.yahoo.com/z?s=D...n-US®ion=USLast edited by OMGitworks; 09-09-13 at 07:32 AM. Reason: addded chart
09-09-13 07:23 AMLike 4 - Superfly_FRRetired ModeratorMhhh ... Damm, I don't want to miss that trading day ... (still hold, no add).bungaboy likes this.09-09-13 08:11 AMLike 1
- Slow Monday morning here today!
Seems like the premarket is making everyone HOLD on to something with both hands!
09-09-13 08:14 AMLike 4 - I honestly dont want Watsa and friends to buy BB. They will putt a low ball offer in , our best bet is to sell the pieces off ourself's. Rather then selling cheap and letting them make the profit09-09-13 08:32 AMLike 0
- If its too low, someone else will counter. I truely expect the offer to be in the $15-$17 range. The offer has to be competative enough to keep others out. Don't fool yourself by reading all the doom and gloom articles. There are far more companies interested in BB then anyone will be lead to believe.09-09-13 08:35 AMLike 9
- I'd much rather the company stay as a whole and go private than be sold off in pieces for a quick shareholder profit. As much as money is a good thing to have around, having the company survive is far more important.09-09-13 08:39 AMLike 11
- 09-09-13 08:42 AMLike 4
- If its too low, someone else will counter. I truely expect the offer to be in the $15-$17 range. The offer has to be competative enough to keep others out. Don't fool yourself by reading all the doom and gloom articles. There are far more companies interested in BB then anyone will be lead to believe.09-09-13 08:44 AMLike 0
- And I feel for you, but I'm sure the thousands of people employed by BB would like the money to continue to come in to support their families. They didn't take a risk by betting on the company when they applied for their jobs like you did when you bought the stock. You make money and lose money on the stock market and that's a simple reality.09-09-13 08:47 AMLike 5
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- Have to get back to work, but I am shocked there is no large spike up here. I guess they are waiting to hear a price per share # ? I am still not getting in, but the Oct $12.00 calls look to be cheap at .87... Interestingly, the $14 and up calls have hardly moved and the 15.00's are actually down a penny. Granted there is very low options volume, but it could tell us the street thinks the offer price won't be over 14. All of this could change with 1 announcement.09-09-13 08:56 AMLike 3
- And I feel for you, but I'm sure the thousands of people employed by BB would like the money to continue to come in to support their families. They didn't take a risk by betting on the company when they applied for their jobs like you did when you bought the stock. You make money and lose money on the stock market and that's a simple reality.lcjr likes this.09-09-13 09:01 AMLike 1
- It may very well be that we can't have both the "saving" of BBRY as we know it AND a high buyout price. It may be an either/or situation in the current climate. Sell of some parts, raise some cash and try to save the enterprise and software parts. The question is if that part is then taken private. My guess is if it happens it is going to be Prem and the Canadian pension funds and they do so at 15-17. Pure speculation on my part.
Will folks be happy with $17 and a BBRY that mostly survives, albeit in private hands? GLTA today could be a fun day!
Posted via CB1009-09-13 09:07 AMLike 9 - Value of any deal at this level is not really that bad for Prem. Fairfax already hold approx. 10% of BB. Sol, given a market cap of say 6 billion, one has to take away the current stock holding so subtract 600 million which equals 5.4 billion. BB has lets say approx. 2.5 billion in cash. This brings the value down to 2.9 billion. Course they do need to have cash to operate but still, 2.9 billion for BB is not a bad deal. Given that the stock is only up 2.5% on this news (sure rumour only at this point), the market does not seem to give much credence to this rumour or the market thinks this is all BB is worth. Either way, getting BB for approx. 3 billion seems like a pretty good deal to me. Given this, there is room for a higher valuation so I am looking at $15 on the low side and $18 - 19 on the topside. If the Canada Pension Plan is involved, they will have to walk the line between getting value for themselves and giving value to existing shareholders. At this point, I think, the best plan for BB is to go private and get out of the limelight of the public company arena and the moronic view of today, today, today. This gets rid of the short position and gives BB time to gain traction in its business segments. I would also say that the handset business may be sold off or at a minimum, exit the handset business and license BB10 to other manufacturers. Now that BB10 is up and running, the time is right to move forward. So, possible players in the deal, Canada Pension Plan Ontario Teachers Pension Plan, Caisse de Depot. Each is very capable of putting up 1 billion as chump change. Many other smaller pension plans could be involved as well. This is not a big deal to get done. Prem will want to maintain a 10% interest, at least, I would assume but who knows, he may take some money off the table as well, if the deal gets done for over $17. Either way he, potentially wins - He may lost some on his present shares if offer is below $17 but could average down by buying more cheaper shares in any offer if price is below $17. I think he will take the opportunity to whittle his share holding down a bit and let the bigger boys take the bulk of the deal. He only needs 3 partners so it is certainly doable. I hope a deal is announced soon and shorts are caught offside and have to fill above the offer!! That would make me extremely happy to see that type of short squeeze!!09-09-13 09:15 AMLike 6
- Value of any deal at this level is not really that bad for Prem. Fairfax already hold approx. 10% of BB. Sol, given a market cap of say 6 billion, one has to take away the current stock holding so subtract 600 million which equals 5.4 billion. BB has lets say approx. 2.5 billion in cash. This brings the value down to 2.9 billion. Course they do need to have cash to operate but still, 2.9 billion for BB is not a bad deal. Given that the stock is only up 2.5% on this news (sure rumour only at this point), the market does not seem to give much credence to this rumour or the market thinks this is all BB is worth. Either way, getting BB for approx. 3 billion seems like a pretty good deal to me. Given this, there is room for a higher valuation so I am looking at $15 on the low side and $18 - 19 on the topside. If the Canada Pension Plan is involved, they will have to walk the line between getting value for themselves and giving value to existing shareholders. At this point, I think, the best plan for BB is to go private and get out of the limelight of the public company arena and the moronic view of today, today, today. This gets rid of the short position and gives BB time to gain traction in its business segments. I would also say that the handset business may be sold off or at a minimum, exit the handset business and license BB10 to other manufacturers. Now that BB10 is up and running, the time is right to move forward. So, possible players in the deal, Canada Pension Plan Ontario Teachers Pension Plan, Caisse de Depot. Each is very capable of putting up 1 billion as chump change. Many other smaller pension plans could be involved as well. This is not a big deal to get done. Prem will want to maintain a 10% interest, at least, I would assume but who knows, he may take some money off the table as well, if the deal gets done for over $17. Either way he, potentially wins - He may lost some on his present shares if offer is below $17 but could average down by buying more cheaper shares in any offer if price is below $17. I think he will take the opportunity to whittle his share holding down a bit and let the bigger boys take the bulk of the deal. He only needs 3 partners so it is certainly doable. I hope a deal is announced soon and shorts are caught offside and have to fill above the offer!! That would make me extremely happy to see that type of short squeeze!!09-09-13 09:18 AMLike 2
- And, why don't they throw in another 6 to 800 million and take Sierra Wireless private at the same time? This would be a great addition to BB and would create a company in the M2M business, made in Canada! That would be a masterstroke and give BB a much better chance of moving forward. Just a thought.09-09-13 09:36 AMLike 5
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