I think maybe they are talking about the hardware division only? It just doesn't make any sense otherwise.
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I think maybe they are talking about the hardware division only? It just doesn't make any sense otherwise.
nope id guess just a link baiting story to push the ad revenue.
unless of course you`d heard of this site previously and they`d had good info? that's normally the smell test is the site itself.
to give it some context, if BGR ran the story you`d be mocking it, but from someone else it might be something else. doesn't sit right tbh
It is creepy, coz its true for me.
I was about to buy a car, and held off coz of it. Now I'm back on autotrader :)
I called TD waterhouse today to complain about the rediculous 100$ commission fees I was paying PER TRADE. and they changed it so I will only pay 9.99 flat rate for the next month. I just threatened to go to questrade to get the leg up
thanks for the reply,
90% approval rate is the key. Now sit back and think this is the stock which traded over $100 not too too long ago. Very good possibility that there could be more than 10% of the stock holders who are well over $20 a share.
Come on new porsche , buyers seem to be drying up. Morgan said it himself this is a 15+ stock. Lets get buying
Porsche? have you even seen the arirang? its got `high pixels` an everything! that's the brand ya want I tell ya, none of this Porsche malarky
I haven't sold either, and added more at 9.25 TSX, and did some swing trading.
Have reduced my average price by more than a buck :)
Here's another analyst view, looking at some of parts of what BlackBerry is worth:
Motorola was acquired by Google for $40 per share on Aug 15th, 2011 or 63% premium to previous close. Is there a white knight tech company willing to purchase BBRY for a premium? In my opinion, only Chinese handset makers, but DoD and U.S. government would pressure Canadian government not to allow such a deal.What analysts think BlackBerry is worth
DAVID MILSTEAD
Published Monday, Aug. 12, 2013 07:52PM EDT
Last updated Monday, Aug. 12, 2013 07:52PM EDT
Any potential bidder for BlackBerry Ltd. will have to put a value on each of the company’s various parts. Here is a look at how several analysts are toting up the company’s worth.
Cash – $2 to $6 per share
BlackBerry has managed to add to its cash stockpile in each of the last two quarters and now has $2.8-billion of cash and short-term investments on its balance sheet, equivalent to more than $5 per share. But how much will it have a year from now?
Kulbinder Garcha of Credit Suisse believes the company will burn through nearly $1.4-billion of its cash hoard in the next two years as it discounts its hardware to win over customers and faces continued headwinds in its service business. Nomura Securities analyst Stuart Jeffrey says since management “seems willing to utilize its cash to drive the business, we doubt that investors will factor in much of this cash” in assessing the value of the company.
Patents and intellectual property – $1.90 to $6 per share
Most estimates for BlackBerry’s intellectual property range from $1-billion to $2-billion, or $1.90 to $3.80 per share. TD Securities’ Scott Penner has previously suggested a $3 to $6 per share range based on how analysts are valuing the patents held by Nokia, but those estimates may be optimistic now that the buying frenzy for patents has died down. Michael Walkley of Canaccord Genuity, in estimating $1.25-billion, or $2.38 a share, notes that after Apple bought the majority of Nortel’s patents and Google purchased Motorola Mobility, “patent valuations have returned to more normal levels.”
Enterprise services business – $2 to $11 per share
Mark McKechnie of Evercore Partners puts only a modest value on the services business, which allows businesses to remotely control apps and security, assuming that margins will decline and the number of subscribers will fall by more than half. At an earnings multiple of 10, the business would then be worth just $2.32 per share to a potential buyer.
In contrast, Nomura’s Mr. Jeffrey thinks there may be a possible upside even with a decline in service revenue. Assuming a profit margin double Mr. McKechnie’s estimate and a 15 to 20 earnings multiple, he puts a price tag of $4.3-billion to $5.7-billion – or $8 to nearly $11 per share – on the services arm.
Hardware – Negative to $3.67 per share
TD’s Mr. Penner says BlackBerry’s hardware business is worth $3.67 a share, based on 0.2 times its next 12 months’ revenue – a multiple that is similar to valuations of personal computer businesses at Dell, Lenovo and Hewlett-Packard Corp.
But many analysts assign it no value, and suggest management’s desire to support the BlackBerry device business could eat into cash balances over the next two years. Steven Li of Raymond James, in his sum-of-the-parts valuation, assumes losses on the hardware business will offset the cash generated by the enterprise services business, so he assigns zero value to the combination of the two.
The sum of the parts – $6.86 to $13 a share
Mr. Penner and Gus Papageorgiou of Scotia Capital are among the more positive analysts. In addition to cash, enterprise service revenue and BlackBerry’s own device business, Mr. Penner sees $2.28 per share in value for the company’s opportunity in “BYOD” or management of “bring your own device” programs. For his part, Mr. Papageorgiou puts $10.16 of value just on the company’s cash and patents.
In contrast, Mr. Garcha of Credit Suisse has a $9 target price, but he also performs a net asset value analysis that assumes BlackBerry will shut down the hardware business and operate only as a services business.
He pegs its value in that scenario at $6.86 per share, given severance costs and the settlements of various obligations.
This. And I've recovered XX XXX amount of losses woo! So close to being back even. Maybe my prediction will come true after all ($28 by December)
Last Friday we were bouncing off 10/shr, Monday we were bouncing off 11/shr, and today we are bouncing off 12/shr.
So... Wednesday will be 13/shr, Thursday will be 14/shr and Friday will be 15/shr...?
it could happen...
Heck, I'm willing to pay $ 1.2 billion too, since they have close to 3 billion in cash and no debt.
Didnt need to pull out my calculator for that one!
Can someone please make a story of this with a crazy headline please ???
Thanks!
BlackBerry Limited or BBRY the stock? The stock, absolutely yes. The company, not so sure.
If Morgan's dream scenario that this is a play by the board works out, then the stock will eventually drop again. At teh end of the day, their primary product, smart phones, aren't selling very well.
It's a great day for the stock price, and I'm near break even, but it just raised the price of the company for any entity that may have actually wanted to buy it.
Please tell me this was a joke? This "article" was written by a 17 year old in Spain. What passes for research in this thread is amazing. ;)
Question,
In case of sale, what happens to future calls/option deals?
Can you please provide a chart for this too? :)
Here about the author of the article, that explains it:
Hello, my name is Niels Bosch and i am the founder of AmongTech. I live in the south of Spain and am 17 years old. My main interests are web development, playing video games once in a while, Apple (gotta love Apple!), Marketing and SEO - See more at: Yahoo is interested in acquiring Blackberry for over $1.2 billion
Cheers to #3. dont think i got balls of steel but the pain are less now compare to a few months back. :)
OMG that would be awesome. lol. If that did happen, I'll remember to set my stops as it rises so I don't take another loss.
Scotia Capital upgraded BBRY to outperform. Analyst calls: BlackBerry upgraded- MSN Money
90 MILL shares between TSX and Nasdaq, haven't seen a day like this in awhile
He just proved that he's good at SEO !
I would've thought Gus would've just crawled into a hole after his huge miss last ER
I heard many people have lost money because of stops, because share price dropped too rapidly on june 28th. People had stops in $14 range but the shares were sold in $12 range. Not sure if it is possible?
I support bbry and i buy shares! This is an awesome feeling. Glad i got back in last week. Its not too late. Watsa is amazing he only makes money. Lets not bet against him