The BBRY Café. [Formerly: I support BBRY and I buy shares!]
View Poll Results: Did you buy shares ?
- Voters
- 1129. You may not vote on this poll
- There is still big risk. patents are worth what some company will pay. What we think doesn't matter. Service revenues aren't guaranteed. There is risk in BBRY everywhere you look.09-25-13 12:37 PMLike 0
-
- What should scare investors the most is something that Chris Umi repeatedly brought up in the podcasts - the people who know the most about what Blackberry's situation is, the CEO and the Board looked at the flaky $9 rescue offer and accepted it. What do they know about the company that isn't public knowledge yet?
At least they know who's looking at their books if Lenovo or Samsung or MSFT were seriously poking around their financials and saying "Look, we're very interested. We just need some time but we're talking in the teens" then the CEO and Board would know about it.danprown and the_sleuth like this.09-25-13 12:42 PMLike 2 - What should scare investors the most is something that Chris Umi repeatedly brought up in the podcasts - the people who know the most about what Blackberry's situation is, the CEO and the Board looked at the flaky $9 rescue offer and accepted it. What do they know about the company that isn't public knowledge yet?
The BOD is certainly scared of something.09-25-13 12:45 PMLike 0 - What should scare investors the most is something that Chris Umi repeatedly brought up in the podcasts - the people who know the most about what Blackberry's situation is, the CEO and the Board looked at the flaky $9 rescue offer and accepted it. What do they know about the company that isn't public knowledge yet?
At least they know who's looking at their books if Lenovo or Samsung or MSFT were seriously poking around their financials and saying "Look, we're very interested. We just need some time but we're talking in the teens" then the CEO and Board would know about it.
2. BBRY is required by law to give all info requested by a potential bidder.09-25-13 12:46 PMLike 0 - I wouldn't base it on their net worths.
That's why I didn't say they HAVE.
I said they can COME UP WITH.
When Prem started, his net worth is said to be $8 ( no zeroes there). He didn't start anything with that.
I am sure I can come up with more than my net worth if I needed/wanted to, and I am sure so can you.
Most investors don't invest their own money even if they have it.
If I want to invest in a property worth a million $, even if I have a million $ cash, I will not pay cash for it. I will go get a mortgage.
The only thing I would need to do is to convince a lender that the property is worth it, and I will show my commitment by putting a down payment.
In the case of people like Prem, etc., I believe that they have a lot more convincing power than me.Last edited by morganplus8; 09-25-13 at 12:58 PM.
09-25-13 12:47 PMLike 9 - I guess I am guessing, like no one else does here. But when BBRY is closing in on the $7 range, I would say that the $9 is not going to fly and I would bet the investors would know, too. Maybe we need a good chart right now!Gesig Boek likes this.09-25-13 12:47 PMLike 1
-
In fact, the market at the current 8.10 price is telling you this is likely to play out this way.morganplus8 and bungaboy like this.09-25-13 12:47 PMLike 2 -
Currently, BBRY's share price is valued at what shareholders believe its value to be for a company like Microsoft. But if it comes down to buying the shares themselves, Fairfax is not going to pay what they think BBRY's value is to Microsoft. Fairfax is going to pay what they think BBRY's value is to Fairfax.
That value may be a bit lower than 9 USD so, if the share price actually drops precipitously down to something like 6 USD, Watsa may just need to practice humility and take it.
P.S. Also, do not that due to the terms of the current "deal", Watsa could easily just revise his offer price down along with the stock market so 9 USD is not a floor. At its current price, Watsa doesn't even have any incentive to pay 9 USD/share for BBRY even if he had originally intended to.09-25-13 12:50 PMLike 0 - A 7 handle on BBRY would be shocking. It would tell you the street has ZERO confidence of the PW deal, or any other deal. It's almost unbelievable that you have a $9 offer from a major, reputable shareholder and its still trading at a 10-15% discount to that. I can't recall that happening, esp since the arbs would normally be acting to at least equalize everything. Just shocking to me.09-25-13 12:54 PMLike 6
-
but we are getting ahead of ourselves here. After the Friday ER we will know more. And after they finally launch BBM cross platform we will know more. Right now fear rules and that will change over time.09-25-13 12:56 PMLike 2 - Unfortunately, there are different types of guess where one is just pure guessing and betting as you pointed above. *reminded me of going to vegas and spin the wheel* if i hit a bonus or won something, i pretended to know something. and then there's other type of guessing with some information, logic and facts build into it. I rather play on the table than slot machines. Regardless, thanks for confirming your thought processes.09-25-13 12:57 PMLike 7
- premature to say where the Fairfax deal goes based on the current share price, as long as the deal stands the BB share price can go to zero and the take private will be at $9.
but we are getting ahead of ourselves here. After the Friday ER we will know more. And after they finally launch BBM cross platform we will know more. Right now fear rules and that will change over time.
Folks, I really do HOPE it gets better, but it does not HAVE to get better. There are no guarantees that we have seen and heard the worse.notfanboy likes this.09-25-13 01:02 PMLike 1 -
If you remember in the Dell bidding there was for some time some doubt that Ichan had all his ducks in a row, leading some to doubt his was a fully funded offer.morganplus8 and silversun10 like this.09-25-13 01:04 PMLike 2 - If you saw it, please ignore Mr. Muller whose quote previously resided on previous page.
A simple lad with an identity crisis... His post was shipped back to sender at his sub-bridge residence.
That's all. Nothing to see here...09-25-13 01:07 PMLike 10 - premature to say where the Fairfax deal goes based on the current share price, as long as the deal stands the BB share price can go to zero and the take private will be at $9.
but we are getting ahead of ourselves here. After the Friday ER we will know more. And after they finally launch BBM cross platform we will know more. Right now fear rules and that will change over time.09-25-13 01:07 PMLike 6 - You do realize that PW can get out of this deal anytime before Nov 4 without a penalty? Why do you assume the ER or BBM launch will quell any fear out there? From Friday-now BBM and the buyout have actually instilled more fear. What makes you think he is going to pay $9 a share if it is trading at 6,5,4 etc. He'll buy on the open market and/or exercise his out under the deal. Do you think his investors will give him the money to buy something at $9 that they can buy on the open market for significantly less? There won't be time for BBM to effect the share price. He is already taking a hit from 17 to 9, he won't absorb a further hit if he doesn't have to. He's already engaged in a massive and expensive salvage mission, he isn't going to make it worse.
Folks, I really do HOPE it gets better, but it does not HAVE to get better. There are no guarantees that we have seen and heard the worse.09-25-13 01:10 PMLike 0 - Does anyone want to venture a guess on how hard it is to get investors to invest in something at $9 per share when it is trading at $8. PW will certainly make the case for the turn around story and assets BBRY has, but it will be a tough sell,e specially when they know he already has a lot of skin in the game and may not be putting up any new money. It certainly can be done, but it won't be easy. Luckily, or sadly its not a lot of money we are talking about here, "only" 4.7B.09-25-13 01:11 PMLike 0
- They don't have to accept a lower deal, but for you to say they will get the $9 even if the stock price goes to zero totally ignores the reality of what will happen if the stock continues to drop. IF the PW deals falls through by Nov 4th and no other bidders emerge, I could easily see BBRY drop to $5-6 when that is announced. If it does, a $7 offer would be great.09-25-13 01:13 PMLike 0
- Does anyone want to venture a guess on how hard it is to get investors to invest in something at $9 per share when it is trading at $8. PW will certainly make the case for the turn around story and assets BBRY has, but it will be a tough sell,e specially when they know he already has a lot of skin in the game and may not be putting up any new money. It certainly can be done, but it won't be easy. Luckily, or sadly its not a lot of money we are talking about here, "only" 4.7B.
09-25-13 01:13 PMLike 2 -
- Does anyone want to venture a guess on how hard it is to get investors to invest in something at $9 per share when it is trading at $8. PW will certainly make the case for the turn around story and assets BBRY has, but it will be a tough sell,e specially when they know he already has a lot of skin in the game and may not be putting up any new money. It certainly can be done, but it won't be easy. Luckily, or sadly its not a lot of money we are talking about here, "only" 4.7B.cjcampbell and bungaboy like this.09-25-13 01:18 PMLike 2
- 20% is still a terrible outcome - of the sort that people here were claiming only two weeks ago would be impossible.09-25-13 01:23 PMLike 0
- Forum
- Popular at CrackBerry
- General BlackBerry News, Discussion & Rumors
- BBRY
The BBRY Café. [Formerly: I support BBRY and I buy shares!]
Similar Threads
-
The importance of a removable battery.
By krzyabn in forum BlackBerry KEY2Replies: 45Last Post: 04-15-19, 10:12 PM -
Motion support - Vibration no longer working and I need advice!
By bunnyraider in forum BlackBerry MotionReplies: 1Last Post: 04-12-19, 09:42 PM -
Will BlackBerry Launcher ever give us the option to swipe up?
By ikeike859 in forum BlackBerry Android OSReplies: 8Last Post: 04-12-19, 06:27 PM -
In MIXplorer, what is the "archive?"
By RLeeSimon in forum Android AppsReplies: 3Last Post: 04-12-19, 05:00 PM -
Skype Preview brings screen sharing to Android and iOS
By CrackBerry News in forum CrackBerry.com News Discussion & ContestsReplies: 0Last Post: 04-12-19, 01:51 PM
Tags for this Thread
LINK TO POST COPIED TO CLIPBOARD