The BBRY Café. [Formerly: I support BBRY and I buy shares!]
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- You keep making bold and grandiose assumptions yet there is absolutely no way you could possibly know who PW or ML have been talking to and who has shown an interest. Just because nobody with "knowledge of the situation" has spoken to the press doesn't mean stuff's not happening. And to the notion that no US PE firms have shown interest, yet we don't know this, you do realize there is money in Canada too right?10-10-13 04:10 PMLike 10
- "MegaBlackBerry" yeah that's it the Z30...
It's a beautiful stock price red Q5! Buy one! Help us go green!Superfly_FR likes this.10-10-13 04:13 PMLike 1 - Still shocked BBRY isn't trading even close to $9. Does the market think ML and PW are BOTH full of it?????10-10-13 04:20 PMLike 4
- From my logic, which is only mine by the way, I can't see many buyers at or near 9 as, for now, there is very little profit to be had should PW's deal go through. The swings between the high 7's and low 8's gives profits to both camps while we wait it out.Ribes Nigrum and peter9477 like this.10-10-13 04:27 PMLike 2
- You keep making bold and grandiose assumptions yet there is absolutely no way you could possibly know who PW or ML have been talking to and who has shown an interest. Just because nobody with "knowledge of the situation" has spoken to the press doesn't mean stuff's not happening. And to the notion that no US PE firms have shown interest, yet we don't know this, you do realize there is money in Canada too right?
All my guesses turn out to be right, unfortunately.10-10-13 04:34 PMLike 0 -
We're once again in wild acquisition share price speculation territory. The difference is that Watsa has now helped test the 9 USD/share waters and no one is scrambling to buy at the price point so we know that BBRY max value should not be much higher than 9 USD.10-10-13 04:41 PMLike 0 - Lazardis never said he was paying 9 USD/share. Wall Street thinks Watsa is full of it so his bid price has no bearing on another serious party's bid. Whatever Lazardis bids could either be lower or higher than the current share price.
We're once again in wild acquisition share price speculation territory. The difference is that Watsa has now helped test the 9 USD/share waters and no one is scrambling to buy at the price point so we know that BBRY max value should not be much higher than 9 USD.
We should be grateful to PW, at least he put a floor on the share price, otherwise I would seriously believe bbry could trade around 6 now with all the bad news out every day.10-10-13 04:50 PMLike 0 -
- Aren't Prem and Laz "boys" that go way back? I know this is business but am I the only one who thinks something fishy is going on? It could be good or it could be bad...10-10-13 04:56 PMLike 4
- Morgan, you think PW never thought of this situation? Could he have some trick up his sleeve? Anyway I hope the actions of Mike give BlackBerry a boost and confidence in the market. I do hope Mike gets his act together to make a bid, just for the sake of keeping BlackBerry in one piece.
It's a beautiful stock price red Q5! Buy one! Help us go green!
So it is interesting to see them choose sides on the deal, both will strong cash and a company they know very well. I think Prem would fold at his breakup price and Mike might even step aside if the right deal came along. But it isn't at $ 9.00/shr for either of them!Last edited by morganplus8; 10-10-13 at 05:43 PM.
10-10-13 05:05 PMLike 13 - Sorry to everyone for reporting the G&M story too quickly, at face value, without having taken the time to read the Schedule 13D. The share ownership situation has since been clarified.10-10-13 05:20 PMLike 6
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The stock is higher than it would be if it weren't for all of this noise. To think it should be at $ 9.00 because Mike is holding hands with another man isn't what makes arbs part with their money. They already own stock and can't just keep buying into the fluff of the media. They need to know that the end game is $ 9.00 or more. If Mike comes along tomorrow and announces that he has made a firm offer for BB at $ 11.00/shr and he has the blessing of Prem to turn over his shares, then you will see $ 11.00/shr. The news has to be more than just street talk.
I find it more interesting that Mike is not on the deal with Prem, he also sees huge potential in BBRY, it must be huge to come out of retirement. Others will see this too. Mike is a genius, he will crunch the numbers and come back with a decent offer.
I don't see the stock going to an arbitrary price like $ 9.00/shr until there is an offer to purchase the company for the same.10-10-13 05:42 PMLike 20 - Interesting developments. Good luck to all who are still holding and hope it works out.
Posted via CB1010-10-13 05:59 PMLike 3 -
M+8- I just thought PW's reputation and his statements about not looking to lower the price would have been enough for the arbs. Now with all this other activity it sure looks like $9 is a at least a decent starting point.Last edited by OMGitworks; 10-10-13 at 06:24 PM.
Randeman likes this.10-10-13 06:14 PMLike 1 - I know but a 12% premium in a short time span from a solid buyer? If Warren Buffet had offered $9/share the SP would be trading right near $9, probably higher after today's news. I just can't believe the distrust people seem to have for the PW offer, very disrespectful.
M+8- I just thought PW's reputation and his statements about not looking to lower the price would have been enough for the arbs. Now with all this other activity it sure looks like $9 is a at least a decent starting point.
You people need to figure out who you're cheering for.sentimentGX4 likes this.10-10-13 06:20 PMLike 1 - I only swim with the other bottom feeders in waters south of the border and am not licensed to practice north of the border so take it for what it is worth.....10-10-13 06:20 PMLike 4
- I know but a 12% premium in a short time span from a solid buyer? If Warren Buffet had offered $9/share the SP would be trading right near $9, probably higher after today's news. I just can't believe the distrust people seem to have for the PW offer, very disrespectful.
M+8- I just thought PW's reputation and his statements about not looking to lower the price would have been enough for the arbs. Now with all this other activity it sure looks like $9 is a at least a decent starting point.
This would not be a blip on the radar for Berkshire given its market cap.
Posted via CB10OMGitworks likes this.10-10-13 06:24 PMLike 1 -
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"Mr. Lazaridis, former co-CEO and founder of what was then Research In Motion, and Mr. Fregin, also a founder and former vice-president of operations, together control 41.7 million shares.
BlackBerry is up for auction and has signed a tentative deal that would see Fairfax Financial Holdings Ltd. lead a consortium to acquire the company for $4.7-billion (U.S.) or $9 a share.
BlackBerry shares have been trading well below that mark, and remain there today, however, as markets question whether the Fairfax deal will get done, despite repeated assurances from Fairfax, which already holds almost 10 per cent of the company.
Other potential suitors, such as U.S. private equity firm Cerberus, have also considered bidding. Industry players such as Google Inc., Cisco Systems Inc. and SAP AG are also reportedly eyeing BlackBerry and its assets.
BlackBerry recently posted a quarterly loss of almost $1-billion, and is slashing some 40 per cent of its work force while retreating from the consumer market amid fierce competition with Apple Inc. and its iPhone, Samsung and its Galaxy, and smartphones operating with Google's wildly popular Android system.
(Editor's note: An earlier online version of this story incorrectly stated that Mike Lazaridis and Douglas Fregin together control some 16 per cent of BlackBerry. This online version has been corrected.)"10-10-13 06:38 PMLike 4 - I guess my point in all of this is that we have no offer. The arbs are investing other people's money and they can't buy a major chunk of a company based upon no offer. Prem will eventually make a formal offer and the stock will move up on that news. I bought more at $ 8.00/shr because I think we will get a formal offer from somebody soon. It might not be Prem though.10-10-13 06:41 PMLike 8
- He has had a couple run ins with some hedgies down south...they all sued each other and I do believe Prem lost. That's buisness and not really sure how it speaks to his character.
Posted via CB10morganplus8 likes this.10-10-13 06:44 PMLike 1
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