View Poll Results: Did you buy shares ?

Voters
1106. You may not vote on this poll
  • Yes, I'm acting now !

    693 62.66%
  • No

    413 37.34%
  1. Komoto's Avatar
    People seem to forget that he doesn't only have access to his personal wealth.

    Posted via CB10
    10-11-13 02:56 PM
  2. peter9477's Avatar
    People seem to forget that he doesn't only have access to his personal wealth.
    Some people also seem to forget that it's possible to sell stock, sometimes when it's high, and thereby squirrel it away elsewhere so that a drop in the price of a company doesn't mean your net worth is suddenly wiped out.

    Some people also seem to forget that someone like Mike could afford to hire competent financial advisors, even if he's not bright enough to figure that out himself.

    Some people also really aren't worth the time it's taking to respond to them.
    10-11-13 02:59 PM
  3. Soumaila Somtore's Avatar
    Goldman Sachs
    Some people also seem to forget that it's possible to sell stock, sometimes when it's high, and thereby squirrel it away elsewhere so that a drop in the price of a company doesn't mean your net worth is suddenly wiped out.

    Some people also seem to forget that someone like Mike could afford to hire competent financial advisors, even if he's not bright enough to figure that out himself.

    Some people also really aren't worth the time it's taking to respond to them.
    10-11-13 03:17 PM
  4. _dimi_'s Avatar
    Exactly! Makes much more sense for them to have one bid together, instead of competing and driving the price higher. I think that's what they are going to do.
    Step 1: PW and ML compete to purchase the company
    Step 2: Industry competitor steps in with formal bid
    Step 3: PW and ML become allies and sweeten the offer
    Step 4: Industry competitor offers final price, with approval from PW and ML representing +- 18% of the shareholders

    :-)

    Posted via CB10
    10-11-13 05:07 PM
  5. JLagoon's Avatar
    Launch the freaking BlackBerry messenger cross-platform, and its desktop version, damn it!

    Skype under investigation in Luxembourg over link to NSA

    http://www.theguardian.com/technolog...nsa?CMP=twt_gu
    10-11-13 06:11 PM
  6. Korepab's Avatar
    Launch the freaking BlackBerry messenger cross-platform, and its desktop version, damn it!

    Skype under investigation in Luxembourg over link to NSA

    Skype under investigation in Luxembourg over link to NSA | Technology | theguardian.com
    + infinity and beyond
    10-11-13 06:54 PM
  7. plasmid_boy's Avatar
    Launch the freaking BlackBerry messenger cross-platform, and its desktop version, damn it!

    Skype under investigation in Luxembourg over link to NSA

    http://www.theguardian.com/technolog...nsa?CMP=twt_gu
    No kidding. If they are short on manpower, then just farm work out.


    Posted via CB10
    sidhuk likes this.
    10-11-13 07:29 PM
  8. michaelshawn's Avatar
    There waiting for prem to buy out the company.


    Posted from My all in one beauty Z10
    sidhuk likes this.
    10-11-13 07:43 PM
  9. cgk's Avatar
    Step 1: PW and ML compete to purchase the company
    Step 2: Industry competitor steps in with formal bid
    Step 3: PW and ML become allies and sweeten the offer
    Step 4: Industry competitor offers final price, with approval from PW and ML representing +- 18% of the shareholders

    :-)

    Posted via CB10
    That assumes that their competing visions for the company are similar?
    10-12-13 01:49 AM
  10. _dimi_'s Avatar
    That assumes that their competing visions for the company are similar?
    It assumes that both are willing to give in once a decent bid is on the table.

    Posted via CB10
    10-12-13 04:34 AM
  11. Tinomane's Avatar
    10-12-13 07:48 AM
  12. Shanerredflag's Avatar
    Interesting...wonder if he partnered with someone to average down?

    Posted via CB10
    10-12-13 07:58 AM
  13. notfanboy's Avatar
    Interesting...wonder if he partnered with someone to average down?
    The obvious answer is that Prem sold when the stock was higher, at the expense of the "longs" who at the time were all optimistic, buying, and the future of BBRY mobile computing was (perceived to be) bright.
    10-12-13 08:03 AM
  14. _dimi_'s Avatar
    It's highly unlikely that Prem Watsa bought his stock on the last business day of each quarter-end (= of each reporting period, which is the price used by this website to calculate average cost). It's more likely that his purchases were spread over multiple weeks. Knowing how volatile BlackBerry has been, it makes sense his cost is 17 dollars / share. He mentioned this in one of his investors letters. I don't believe he has increased his holdings ever since..

    Posted via CB10
    sidhuk, Randeman, fedakd and 3 others like this.
    10-12-13 08:13 AM
  15. _dimi_'s Avatar
    If you do the analysis yourself (via gurufocus.com), and take the average price of BBRY over a certain quarter, you'll end up with a figure close to the 17 dollars/share. I remember doing this exercise 1-1.5 years ago

    Posted via CB10
    sidhuk and kfh227 like this.
    10-12-13 08:20 AM
  16. kadakn01's Avatar
    The obvious answer is that Prem sold when the stock was higher, at the expense of the "longs" who at the time were all optimistic, buying, and the future of BBRY mobile computing was (perceived to be) bright.
    No, that is the quarter end price for the stocks not his cost basis.

    Posted via CB10
    10-12-13 08:36 AM
  17. Tinomane's Avatar
    No, that is the quarter end price for the stocks not his cost basis.

    Posted via CB10
    oh wow my bad
    10-12-13 09:02 AM
  18. Shanerredflag's Avatar
    The obvious answer is that Prem sold when the stock was higher, at the expense of the "longs" who at the time were all optimistic, buying, and the future of BBRY mobile computing was (perceived to be) bright.
    Haha...go check out Simons video review of the Z30

    Posted via CB10
    bungaboy likes this.
    10-12-13 09:03 AM
  19. notfanboy's Avatar
    Haha...go check out Simons video review of the Z30
    Sure, got a link?
    10-12-13 09:17 AM
  20. Shanerredflag's Avatar
    Sure, got a link?
    Here ya go:
    http://crackberry.com/blackberry-z30-review


    Posted via CB10
    10-12-13 09:26 AM
  21. silversun10's Avatar
    No, that is the quarter end price for the stocks not his cost basis.

    Posted via CB10
    Prem Watsa - Fairfax Financial Holdings

    Holding/activity history for: BlackBerry Ltd. (BBRY)
    Period Shares % of Portfolio Activity % Change to Portfolio Reported Price
    2013 Q2 51,854,700 22.71 $10.44
    2013 Q1 51,854,700 29.04 $14.44
    2012 Q4 51,854,700 25.54 $11.86
    2012 Q3 51,854,700 20.89 Add 93.14% 10.07 $7.52
    2012 Q2 26,848,500 10.97 $7.38
    2012 Q1 26,848,500 18.72 Add 109.78% 9.80 $14.68
    2011 Q4 12,798,300 10.64 Add 8.48% 0.83 $14.49
    2011 Q3 11,798,300 12.29 Add 40.90% 3.57 $20.33
    2011 Q2 8,373,300 8.88 Add 305.49% 6.69 $28.82
    2011 Q1 2,065,000 4.18 $56.42
    2010 Q4 2,065,000 4.74 $58.24
    2010 Q3 2,065,000 5.08 Buy 5.08 $49.39

    Stock activity history - DATAROMA - Value investing
    bungaboy likes this.
    10-12-13 10:15 AM
  22. OMGitworks's Avatar
    Guys read the note that goes with the chart. It is the "price of the security on the portfolio date." I am going to bet all of M+8's money PW is still at 17 and that the note means they merely used a set date for all holdings in the portfolio. For example an end of quarter date, in this case 30 Jun 2013. Stupid and misleading way to do it, but I think I am reading it correctly.
    10-12-13 01:40 PM
  23. kfh227's Avatar
    PW cost basis is about 17 as already stated.

    Posted via CB10
    10-12-13 05:42 PM
  24. peter9477's Avatar
    PW cost basis is about 17 as already stated.
    That's assuming he never hedged with any options, right?
    sidhuk likes this.
    10-12-13 08:26 PM
  25. OMGitworks's Avatar
    That's assuming he never hedged with any options, right?
    The $17 is what he said in the FF shareholders letter. I assumed he would have mentioned any hedges he had in place. Also really bad form for a director to hedge like that too...
    10-12-13 08:36 PM
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