What makes you think there is any cash left? If BB still had cash they would not have needed the injection of funds from Watsa.
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What makes you think there is any cash left? If BB still had cash they would not have needed the injection of funds from Watsa.
It's a good thing they have that $9 floor that Prem set. Otherwise, I'd be nervous. :laughing::rotfl:
I don't envy Chen this decision.
On the one-hand, a write-down, together with a possible announcement that they are getting the f out of Dodge by ending handset retail; gets all the bad news out in one go. The share price would likely collapse (still further!), but they might be able to recover into their chosen enterprise/services space once they'd shed the millstone that is BB10.
The flip-side of making that announcement - successive quarters with write-downs, and the ending of the BB10 experiment is that the world starts to wonder what BB has left - and ask the question of whether they are already a dead man walking and how they intend to make money thereafter. They'll have exited their main market and a lot of what they'd be replacing that with is the potential of BES10 and xBBM to make money and the hope that both might one day be worth something.
Someone had a pretty decent block of 500K ...
Attachment 228733
:cant-watch:
We're talking BlackBerry so the answer is probably some multiple of zillions :p
Funniest thing about this thread is that it can be turned into a meme too. ;) just suggesting. :P
What a write down does (in cases like this) is re-state the revenue that can be potentially generated by a product at it's current price. If they were to severely reduce the price that the product is offered for they would have to eventually have to take further write downs as that price reduction would further degrade potential / anticipated revenue.
I think the BBRY thread should be retitled to "I support BBRY shorts and I buy shares!" because that's a much more accurate way of describing what is going on in that thread. Money used to buy BBRY shares go to some other investors not Blackberry. And, as they go down, the shorts who borrowed shares and later cover their positions by buying the deflated stock are financially supported.
I'm guessing that shares are under pressure because there are analysts doing channel checks to guess what's going on with sales and it isn't pretty and they are letting their institutional clients know.
We already have Kantar report for that, trumpeted at will. Not sure channel checks can add to this.
I would guess that channel checks would reveal that carriers are giving BBRY the engaged tone in increasing numbers so they expect the pathetic current numbers to go completely over the cliff next quarter.
So you accept the Kantor numbers?
Quite a rebound today!
That was an abosolutely nutty ride. I'm glad I didn't panic and sell, but that doesn't mean I'm happy I bought in the first place!
I have no idea what caused the sell off - made no sense. That was way too steep to be tax loss selling...
What I believe is not important against WS perception. So far that's the trumpeted figures. good or bad, this is what many expect to be real. No what's happening today on the stock ... that's a weird thing to me. I hear bottom ... but won't discuss it, I'm no specialist at all.
What a recovery :eek:. Sitting above the water line ... would be nice.
Attachment 228759
Back to green!
Everyone other than the folks in this forum already asked and answered that question
A rational thought in the BBRY forum? :eek::eek::eek:I think the BBRY thread should be retitled to "I support BBRY shorts and I buy shares!" because that's a much more accurate way of describing what is going on in that thread. Money used to buy BBRY shares go to some other investors not Blackberry.
I was baffled by the selling... but I'm even more baffled by the buying!! The stock may be oversold, but it's also demonstrated its volatility. This is like trying to catch a flaming broadsword.
Rather than make a new thread, reusing this old one.
The last time it was this low was on Dec 2013, towards the end of the "for sale" era of BlackBerry. CEO Heins had stopped making appearances and was dead man walking. Any deals were falling through. A few weeks later Chen would be appointed interim CEO.
Hum.. I am home alone tonight as Dr. CGK is out at an event, might see what the "I support..." thread was predicting for BBRY share price in 2015 around that time...