View Poll Results: Did you buy shares ?

Voters
1104. You may not vote on this poll
  • Yes, I'm acting now !

    693 62.77%
  • No

    411 37.23%
  1. cjcampbell's Avatar
    wow... Probably the most defensive AAPL earnings call I've ever heard. They made a boat load of cash, yet again, but there seemed to be a lot of spin doctoring as to why it wasn't better and to why "guidance" is poor. Apparently, if you didn't know, Tim is a forex and economic expert analyst... I learned this in the first 5 minutes of the call.
    01-26-16 06:12 PM
  2. Jahcure's Avatar
    wow... Probably the most defensive AAPL earnings call I've ever heard. They made a boat load of cash, yet again, but there seemed to be a lot of spin doctoring as to why it wasn't better and to why "guidance" is poor. Apparently, if you didn't know, Tim is a forex and economic expert analyst... I learned this in the first 5 minutes of the call.
    And a service company now, some fun deflections in that call. I also love how they keep burying the iwatch sales.

    Posted via CB10
    01-26-16 07:07 PM
  3. cjcampbell's Avatar
    And a service company now, some fun deflections in that call. I also love how they keep burying the iwatch sales.

    Posted via CB10
    My favourite part was the $5 billion lost due to to foreign currency being weak (could argue that the USD is over inflated but that's even more off topic) yet they gained billions (Didn't give how many) in lower commodity costs for manufacturing. Spin doctors extraordinaire. iPad sales down 25%, Mac sales down, no iWatch sales breakdown, again (haven't they had a history of being super proud of every single product category?), Apple TV... apps are up? Oh well... they make a money and have seriously loyal users. Now if they could only come up with another product.

    Gah.. I'm having beer and about to head out. I digress. Nobody else cares when I talk about this stuff so you all are the lucky ones to get my small rants. haha. Night y'all. Let's see if BBRY get's AAPL's cake tomorrow. (doubt it but hey, BEER)
    rarsen, La Emperor, Corbu and 15 others like this.
    01-26-16 07:22 PM
  4. Corbu's Avatar
    OT: VMware
    VMware, Hammered by Dell-EMC Acquisition, Slashes 800 Jobs - WSJ

    VMware Inc., seeking solid footing after being caught in the middle of the massive Dell Inc.- EMC Corp. merger, said Tuesday it was cutting some 800 positions and EMCs finance chief would replace a key executive.

    The California-based company also posted stronger-than-expected results for its latest quarter with license revenuewhich generates nearly half of the top lineclimbing 6%.

    The company unveiled the restructuring and realignment of about 800 roles and said it planned to take a charge between $55 million and $65 million during the first half of 2016.

    VMare also announced the departure of chief financial officer and chief operating officer Jonathan Chadwick. He was slated to be replaced on March 1 by EMCs CFO Zane Rowe.

    The appointment is made as EMC prepares to complete its previously announced combination with Dell. Once the transaction closes, EMC will be combined with Dell and VMware, which is majority-owned by EMC, will remain a publicly traded company. The Dell-EMC deal has left VMware investors wary, though, as about one-third of the stated deal value is riding on a plan to create a tracking stock for VMware. Shares of VMware have dropped 40% in the past 12 months.

    For the quarter, VMware earned $373 million, or 88 cents a share, compared with a profit of $326 million, or 75 cents a share, a year earlier. Excluding certain items, adjusted earnings were $1.26 a share, up from $1.08 a share. Sales rose 9.7% to $1.87 billion.

    Analysts surveyed by Thomson Reuters expected earnings of $1.25 a share on $1.85 billion in revenue.

    In December, the company, which provides virtualization software that allows servers and other technology equipment to run more efficiently, said it wouldnt proceed with a joint venture that would take over an EMC cloud service called Virtustream. The joint venture between VMware and Virtustream was announced in late October shortly after Dell disclosed its $67 billion deal to buy EMC. Pat Gelsinger, VMwares chief executive, at the time said that combining the two companies cloud services would offer customers more comprehensive services.

    But VMwares shares, which already had slid following the announcement of the Dell-EMC deal, dropped nearly 20% in the wake of the Virtustream plan. Analysts raised questions about the plans impact on VMwares profit margins because of increased spending on servers and data centers.

    Shares of VMware rose 2.5% in after-hours trading.
    01-26-16 07:48 PM
  5. masterful's Avatar
    What happened to those take over rumors? I wonder if there will be another run this year....

    Posted via my PRIV
    01-26-16 10:29 PM
  6. TGIS's Avatar
    Let's see if BBRY get's AAPL's cake tomorrow. (doubt it but hey, BEER)
    It's funny. The Priv comes out, it becomes popular, then iPhone sales plateau. Coincidence? I think not.

    Joking of course. The priv isn't THAT popular.


     Priv... cue the comeback!
    smart548 and bspence87 like this.
    01-27-16 08:22 AM
  7. TGIS's Avatar
    Apparently AAPL is bringing down the markets along with oil. If that is right, then the markets will be in real bad shape for a long while.

     Priv... cue the comeback!
    01-27-16 10:15 AM
  8. Jahcure's Avatar
    Apparently AAPL is bringing down the markets along with oil. If that is right, then the markets will be in real bad shape for a long while.

     Priv... cue the comeback!
    I think Boeing is doing more harm than apple,

    Posted via CB10
    01-27-16 11:06 AM
  9. morganplus8's Avatar
    wow... Probably the most defensive AAPL earnings call I've ever heard. They made a boat load of cash, yet again, but there seemed to be a lot of spin doctoring as to why it wasn't better and to why "guidance" is poor. Apparently, if you didn't know, Tim is a forex and economic expert analyst... I learned this in the first 5 minutes of the call.
    Sometimes you scare me, we think alike in many ways! My jaw dropped as I listened to Tim Cook spin a bad story. On his first anniversary since taking over Apple, he was paid $ 400 MM bucks, and now I see why. It was almost evangelic, missing the choir (analysts showed up later) but the content was there to start a wave of singing from the masses. He delivered a message that everyone holding AAPL needed to hear and perhaps saved it from a bloodbath today. (I think down $ 5.00/shr plus is a good outcome based on that report.)

    Analysts today are lowering their targets from $ 160 to $ 140 (Gene "Monster" at Piper J is at $ 172 though) while preaching that AAPL is a BUY at this level because it is no longer a growth story but a cash cow. How do you get to $ 140 for a company that can't grow? The crutch that is supporting Apple is its share buyback program. If they continue to spend cash on share buybacks, they will indirectly grow the business. In addition, they are encouraged to buy companies, any company, just buy revenues, like iBeats, even though it is collapsing under its own weight. They are also encouraged to invent something, anything, doesn't matter if there is a market for that product, just get it out there and let it sink or swim on its own as it will provide revenue growth. In all my life I have never heard such arguments/advice for a bullish case in a companies' future. The sum of this type of argument is that a company like Apple is said to be growing as long as they are seeing increasing revenues, it doesn't matter that everything they do is failing, as long as they show one sector of growth (i.e. revenue) the market should reward them with a higher P/E ratio, and that's how you get to $ 140/shr!!!!!!!

    Yeah right.

    So what does this mean for BBRY? It means that BB needs to acquire companies, to integrate them and make them profitable ASAP and to continue to buy back shares while carrying a cash hoard. When I look at how well BB is executing on its business model versus what I'm reading from analysts today regarding Apple, I think it is BBRY that needs to see its P/E ratio expand. Once BB gets to a positive earnings stream, the stock should fly if analysts are true to their own arguments for Apple.
    01-27-16 11:22 AM
  10. Andy_bb_king's Avatar
    Hi Folks,

    Below is my first ever detailed home work on BBRY. Experts and Profs, please feel free to point out any of flaws and incorrectness.

    My goal of this writing is to show how to value BBRY as a software company and by comparing between CTXS and BBRY because CTXS is solid software company to compare. The numbers (mostly in millions and BBRY numbers is in bold) below are copied from their latest balance sheets and cash flow filings. And I added my comments or analysis.

    Assets CTXS BBRY
    Cash and Short Term Inv. 1,073 2,298
    Total Receivables, Net 468 434
    Total Inventory 11 144
    Other Curr. Assets, Total 186 136
    Total Current Assets 1,737 3,012
    Prop./Plant/Equip. - Net 371 449
    Goodwill, Net 1,957 607
    Intangibles, Net 366 1,413
    Long Term Investments 860 350
    Total Assets 5,405 5,889

    My comments on the assets above
    BBRY and CTXS have similar total assets
    BBRY has 1.2 Billion more cash
    BBRY has 1.3 Billion less Good will which is better because goodwill cannot be amortized each quarter
    BBRY has 1 billion more intangibles which is also better because it can amortize each quarter and increasing cash level while having less net profit
    Overall, BBRY has 2 Billion more good assets than CTXS

    Liabilities CTXS BBRY
    Total Current Liabilities 1,548 1,101
    Total Debt 1,317 1,317
    Deferred Income Tax 456 17
    Total Liabilities 3,321 2,435

    My comments on the liabilities above
    BBRY has 1 billion less liabilities than CTXS
    Interestingly BBRY and CTXS have identical long term debt

    Cash From Operating Activities - Nine months CTXS BBRY
    Total Cash from Operations 753 257
    Net Income 188 30
    Depreciation/Depletion 296 489
    Deferred Taxes 0 -67
    Non-Cash Items 126 -279
    Changes in Working Capital 143 84
    One time cash received due to patent deal 0 100
    Total Cash excluding Non-Cash Items and other one time patent deal 627 436

    My comments on the Cash flow above
    Based on 9 months period, BBRY has less free cash flow from operating activities than CTXS
    But BBRY has significant non-cash items probably due to hedge due to long term debt
    Also, BBRY has one-time cash received due to patent deals
    Excluding Non-Cash Items and other one time patent deal, BBRY's cash flow is only about 200 million off than CTXS
    Also BBRY has negative cash flow from hardware business. If hardware business is excluded, then probably BRY's cash flow is not far off than CTXS.
    Overall, CTXS has 150 million more good quality software cash flow within 9 month period

    Equity and Market Cap CTXS BBRY
    Total Equity 2,085 3,454
    Market Cap 10,420 3,710
    Current Share Price 66 7
    Target Share Price on software business 19.66
    Additional Cash value on BBRY - 5.00
    Total target share price on software business 24.66
    Target Share Price on hardware business ?

    Conclusion

    CTSX is valued close to 3 times of BBRY. I think it is because CTXS has 150 million more good quality software cash flow within 9 month period. If BBRY can grow another 150 million free cash flow for a 9 month period or 50 million more per quarter, then BBRY and CTXS should have similar market cap. Also BBRY has 2 Billion more good assets than CTXS and has 1 billion less liabilities than CTXS.
    Is it possible BBRY can grow additional 50 million cash flow per quarter? I believe so because Good itself will bring 40 million revenue alone. Total of Good/AdHoc/SecuSmart/Morvitual should bring that much or more per quarter sooner or later.
    Hardware business is the wild card and if it became neutral or positive, then it would be a much better story.
    So BBRY should be at least $20 stock based on software business. Why is it still traded as low as $7 as sum of parts?
    01-27-16 11:26 AM
  11. Andy_bb_king's Avatar
    Please excuse my terrible table format above.

    Presented to you by real phone - Passport
    01-27-16 12:02 PM
  12. morganplus8's Avatar
    Please excuse my terrible table format above.

    Presented to you by real phone - Passport
    You went to so much trouble in providing your analysis, I have to say something here. On this thread, we often address individual items on the statement, like their patents, some think they are worth $ 1.4 B and others don't. We look at cash, some see cash less the bond issue, others see cash as cash on the books. For some reason, everyone excepts that hardware is worth nothing, just like so many other companies who sell only tangible products but don't necessarily make a profit this year, should we value hardware as zero? By doing what you have done, we are looking at two companies, both of which are here to stay, with completely opposing valuations!

    So thanks for taking the time to show us how all of the pieces flow together. We will never know how much the iWatch has lost for Apple, but we do know how hardware is impacting the valuation for BlackBerry, we are reminded of this every day. BlackBerry doesn't have to invent a dud of a product to remain relevant, they just have to bring a refined product to market that throws us into the black on the bottom line. They need to make the BlackBerry phone relevant today, not reinvent the automobile, I think they can do that.

    BlackBerry has $ 2.71 B in US cash, that's $ 3.80 B in CDN funds and that will buy you almost every company listed on the exchange today in Canada. This is a wonderful asset that no one wants to value the company for. They could buy SWIR, spin off the fluff or just keep reducing their own shares, Chen has so many opportunities before him now.

    Thanks for your time and effort in this analysis. Well done.
    01-27-16 12:31 PM
  13. Superfly_FR's Avatar
    Please excuse my terrible table format above.
    No excuse, just thanks !!!
    01-27-16 12:34 PM
  14. Corbu's Avatar
    OT: Fed
    My summary: Keeping rates on hold. March rate increase not excluded. Will monitor global economic and financial situation.
    lech31, 3MIKE, bbjdog and 6 others like this.
    01-27-16 02:02 PM
  15. cjcampbell's Avatar
    OT: Fed
    My summary: Keeping rates on hold. March rate increase not excluded. Will monitor global economic and financial situation.
    Essentially much ado about nothing

    Posted via CB10

    Edit - even though there was nothing unexpected, it seems like a good excuse to sell anyway. Good grief.
    lech31, 3MIKE, KuroKei and 3 others like this.
    01-27-16 02:09 PM
  16. bbjdog's Avatar
    Correlation came to an end after Feds decision.

    Posted via my BlackBerry Passport
    3MIKE, Jahcure and Corbu like this.
    01-27-16 02:47 PM
  17. kadakn01's Avatar
    Short Interest Update
    As of 12/31-------------- 75.8M
    As of 01/15-------------- 82.8M
    About 7M share increase
    This time frame of 15 days accounts for most of the drop

    Posted via CB10
    01-27-16 04:06 PM
  18. Superfly_FR's Avatar
    Let's play it... let them drag the price to the bottom, Chen run the buy-back, release Priv (good) sales numbers, 1 or more IP deals and a positive EPS... then a major event makes the oil price skyrocket...
    [and then my clock rings and I wake up] lol

    Posted via CB10
    01-27-16 04:10 PM
  19. Andrew4life's Avatar
    OT

    Bombardier is at $1! Apparently 25 year low.

    Also, no sales of their Cseries for over a year. They are in Sooo much trouble....

    Posted via CB10
    cjcampbell, Corbu and CDM76 like this.
    01-27-16 04:22 PM
  20. Jahcure's Avatar
    FB crushing it, hope MS and Baba comes through so we can get some green days.

    Posted via CB10
    morganplus8, 3MIKE, bbjdog and 5 others like this.
    01-27-16 04:33 PM
  21. gedob's Avatar
    I didn't realize the death spiral Good Technology was in.

    "BlackBerry announced the surprising acquisition on Sept. 4, 2015. In securities filings, Prieto learned that four days later, BlackBerry made a bridge loan to Good for $20 million just so the latter could keep the lights on and pay the bills while it waited for the deal to close.

    It was desperate times, for sure.

    Whats more, Good had $89 million in debt at the time. So after receiving the $425, it had to pay the debt and then give another $267 million to preferred shareholders. That left $61 million for common shareholders (including any vested employees)."

    Now we know how bad the end was for Good Technology before its fire sale to BlackBerry | VentureBeat | Mobile | by Chris O'Brien
    01-27-16 04:54 PM
  22. morganplus8's Avatar
    I didn't realize the death spiral Good Technology was in.

    "BlackBerry announced the surprising acquisition on Sept. 4, 2015. In securities filings, Prieto learned that four days later, BlackBerry made a bridge loan to Good for $20 million just so the latter could keep the lights on and pay the bills while it waited for the deal to close.

    It was desperate times, for sure.

    What’s more, Good had $89 million in debt at the time. So after receiving the $425, it had to pay the debt and then give another $267 million to preferred shareholders. That left $61 million for common shareholders (including any vested employees)."

    Now we know how bad the end was for Good Technology before its fire sale to BlackBerry | VentureBeat | Mobile | by Chris O'Brien
    That reminds me, when is MOBL's earnings? Thanks
    01-27-16 05:02 PM
  23. bbjdog's Avatar
    Here you go Morgan8.

    http://investors.mobileiron.com/events.cfm

    Posted via my BlackBerry Passport
    Corbu, bungaboy, KuroKei and 3 others like this.
    01-27-16 05:19 PM
  24. Corbu's Avatar
    01-27-16 05:22 PM
  25. Corbu's Avatar
    01-27-16 05:22 PM
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