1. Forj77's Avatar
    Looks like Prem Watsa's firm will be submitting an offer after all. Fairfax mulls taking BlackBerry private - The Globe and Mail
    theRock1975 likes this.
    08-12-13 04:03 PM
  2. howarmat's Avatar
    And here the ride begins!
    earlym likes this.
    08-12-13 04:29 PM
  3. theRock1975's Avatar
    Smart man that Prem Watsa dude.

    Posted via CB10
    08-12-13 04:40 PM
  4. m1kr0's Avatar
    Whoa! And what a ride...
    08-12-13 04:43 PM
  5. m1a1mg's Avatar
    Smart man that Prem Watsa dude.

    Posted via CB10
    He has been very smart about a lot of things. But wouldn't the determining factor be how much he pays for BBRY and what happens with it?
    08-12-13 04:46 PM
  6. GTiLeo's Avatar
    He has been very smart about a lot of things. But wouldn't the determining factor be how much he pays for BBRY and what happens with it?
    would be 10% less since fairfax alreadt owns 10% of BBRY shares
    08-12-13 05:00 PM
  7. JBML007's Avatar
    Is perm our canadian knight in shining armor?

    Posted via CB10
    08-12-13 05:12 PM
  8. theRock1975's Avatar
    He has been very smart about a lot of things. But wouldn't the determining factor be how much he pays for BBRY and what happens with it?
    Yes.

    However, even if shareholders agree to a 50-70% premium even after today's jump, he's still getting the assets under book value.

    I personally, would be willing to wait the 3 years as he suggested to see the share price fairly valuated($40). I wouldn't let my shares go under book value but if 90% of shareholders agree to a buyout then I don't really have a choice.

    I'd probably short Netflix next...




    Posted via CB10
    08-12-13 05:19 PM
  9. m1a1mg's Avatar
    Rock, the "experts seem to be running with numbers from $9 (crazy) to $18. As much as Prem believes in the company, his first requirement is to the Fairfax shareholders, right?

    I think the curveball in the whole thing is patents.
    08-12-13 08:09 PM
  10. lifelongbbfan's Avatar
    would be 10% less since fairfax alreadt owns 10% of BBRY shares
    And probably loaded up on shares when the stock price tanked after the quarterly earnings. Smart man
    08-12-13 09:07 PM
  11. Josh Brolin's Avatar
    You guys do know prem isnt in at his 17 range avg to break even right? Anything less than low 20s would be a waste of time for his fund. And people are also assuming the majority is in at the sub 20 dollar level. Who thinks people in at 30-140 will drool over 15-18 ? These people would rather take the tax loss than agree to lose that much. I see a best case sale at 25-30. Worst case 7-9 buyout.
    08-12-13 09:52 PM
  12. anon1727506's Avatar
    Is perm our canadian knight in shining armor?

    Posted via CB10

    If you are a stock holder that isn't at more than $20 a share, he might be.

    Not so sure about what he will do with the company after the fact. If numbers are bad on Sept 27th, then most likely it will be garage sale time and he'll make a profit on selling all the pieces.

    If the are really good, then he is sitting pretty to wait a year or two and take the company public again - at a least 100% of his buyout price.

    But don't expect him to give Thor time to try and turn things around.
    08-13-13 02:10 PM
  13. BBPandy's Avatar
    If you are a stock holder that isn't at more than $20 a share, he might be.

    Not so sure about what he will do with the company after the fact. If numbers are bad on Sept 27th, then most likely it will be garage sale time and he'll make a profit on selling all the pieces.

    If the are really good, then he is sitting pretty to wait a year or two and take the company public again - at a least 100% of his buyout price.

    But don't expect him to give Thor time to try and turn things around.
    I disagree he has said time & time again that BlackBerry is undervalued & he see's big growth/profit potential in 3-5 years as long as it's not chopped up.

    Posted via CB10
    08-13-13 08:02 PM
  14. pkcable's Avatar
    08-13-13 10:25 PM

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