09-27-13 07:41 PM
385 ... 141516
tools
  1. TemjinC's Avatar
    BlackBerry cancelled the earning call this Friday, they will still release the result but no earning call.

    Scared to answer the analyst or there's another bomb hidden in the result.
    09-26-13 02:08 AM
  2. kevinnugent's Avatar
    BlackBerry cancelled the earning call this Friday, they will still release the result but no earning call.

    Scared to answer the analyst or there's another bomb hidden in the result.
    lol. Yeah, the results are SO good they don't want to appear in public with them. hehehe. That'll be the day.
    xandermac likes this.
    09-26-13 02:16 AM
  3. 1magine's Avatar
    No, I used the USA as an example of what the free market isn't. The USA is the opposite of a free market. My point was don't blame capitalism for what's going on in America because it isn't all that capitalist.

    In fact it is. The end result of a capitalist system is that it takes over every other system (political, judicial, legal, equitable, religous etc..).

    America is the perfect example of capitalism. Those with money use that money to gain political influence in order to have laws written that protect their financial interests, which in turn add to their capital and provide further political power. Laws can be written to protect capitalist from recourse by those they've harmed (see tort reform laws which essentially block folks from suing for personal damages for harm done to them, and/or cap the amount of damages one can collect); to harm those who might interfere with their market share (see new laws requiring the US post office - which is a private entity- to more have more than 2X their pension funded where Fed Ex and UPS and well,, no one else does); and influence public opinion (see laws deregulating public airwaves and print media) allowing one entity with a single point of view to absolutely dominate the public discourse.

    The de-regulation of the financial markets back to the days pre-Glass-Steagall, allowing banks to invest private savings/ private deposits protected by the federal government in the form of FDIC (taxpayer funded), which caused most of the world's mess the last 8 years, is entirely in keeping with capitalism.

    The goal of capitalism is capital for capital's sake. If you are a capitalist you will use all means at your disposal to make more capital. Including using taxpayer money to insure my risky bets.

    Proof? None of the de-regulation which caused the crash, including the above example of using taxpayer funded FDIC to insure risky bets, has been re-regulated. None of it. And if you are a capitalist you will invest significant amounts of money, far more than any non-capitalist could muster to lobby that things stay this way. Why would you do anything else?

    None of this is to say whether I believe the above is a good thing or a bad thing. That is for each individual to decide. All I am saying, is understand that capitalism is performing as it intended in the United States.
    ray689, sentano and westcoastit like this.
    09-26-13 01:16 PM
  4. M65c02's Avatar
    lol. Yeah, the results are SO good they don't want to appear in public with them. hehehe. That'll be the day.
    Little doubt but that there is some more dirt hidden in the formal BB statements. BUT Blackberry made their ultimate quarterly statement for the public last week. The end of Blackberry as we knew it. Now, until BB closes on the Fairfax deal or, potentially albeit unlikely, another knight throws his lance onto the alter, expect very, very little from Blackberry.... Our best hopes can only be that the transfer of ownership moves along swiftly and with minimal hostility.... Anything else may absolutely kill the future of the already tarnished beyond recognition BB name and might well put the last dagger into its coffin while forcing a complete asset sell-off. ...

    We live week to week for now!!!
    Last edited by M65c02; 09-27-13 at 11:51 AM.
    09-26-13 05:25 PM
  5. kevinnugent's Avatar
    Little doubt but that there is some more dirt hidden in the formal BB statements. BUT Blackberry made their ultimate quarterly statement for the public last week. The end of Blackberry as we knew it. Now, until BB closes on the Fairfax deal or, potentially albeit unlikely, another knight throws his lance onto the alter, expect very, very little from Blackberry.... Our best hopes can only be that the transfer of ownership moves along swiftly and with minimal hostility.... Anything else may absolutely kill the future of the already tarnished beyond recognition BB name and might well put the last dagger into the its coffin while forcing an asset sell-off. ...

    We live week to week for now!!!
    Thats the life of a Blackberry fan. Always just one step ahead of a another potential distaster.

    I wonder if someone, one day, will add up what all the R&D and development and sales losses of BB10 and the missteps of the past few years have actually cost Blackberry and it's shareholders?
    09-26-13 08:14 PM
  6. bobshine's Avatar
    Borrowing money to buy the firm out is not 'providing capital' to Blackberry in any way, shape or form. It is paying out the owners of Blackberry - the shareholders. You said Watsa would act as an investor, providing capital to Blackberry. That's wrong. The implication was that BBRY would not be broken up by Watsa for this reason, which is even more wrong.

    Just a suggestion for you, and many others here. Speculate on things which you know something about. Seriously. This type of statement is ridiculous. I'm sorry to be so blunt but I've never seen more misinformation on a message board than we've seen here over the past few weeks.
    First, Fairfax is depositing about 500M$ in BlackBerry shares, how is that not providing capital? Either someone gives 500M in cash to buy back BlackBerry shares or contributes the equivalent in BlackBerry shares, it's the same.

    They can easily sell their shares and walk away with 500M in cash, to me that is a huge capital contribution

    Posted via CB10
    09-27-13 08:53 AM
  7. zzbsb's Avatar
    First, Fairfax is depositing about 500M$ in BlackBerry shares, how is that not providing capital? Either someone gives 500M in cash to buy back BlackBerry shares or contributes the equivalent in BlackBerry shares, it's the same.

    They can easily sell their shares and walk away with 500M in cash, to me that is a huge capital contribution

    Posted via CB10
    Seriously? Do you know how much they paid for those shares?
    09-27-13 11:17 AM
  8. bobshine's Avatar
    Seriously? Do you know how much they paid for those shares?
    Whatever they paid for, it's worth 500M. Doesn't matter if they paid 5$ of 5B$, and investment should never be made based on the cost it was acquired at, but rather what they think it will pay back in the future. By contribution 500M$ worth, which is a significant amount, Fairfax is saying that they believe in BlackBerry.

    Posted via CB10
    09-27-13 12:21 PM
  9. njblackberry's Avatar
    Wow. They are trying to dump their stock and get the best price once it is broken up.
    09-27-13 12:52 PM
  10. ray689's Avatar
    Whatever they paid for, it's worth 500M. Doesn't matter if they paid 5$ of 5B$, and investment should never be made based on the cost it was acquired at, but rather what they think it will pay back in the future. By contribution 500M$ worth, which is a significant amount, Fairfax is saying that they believe in BlackBerry.

    Posted via CB10
    Doesn't necessarily mean they believe in the company being a success....just means they believe there's enough there to make a profit and recover some of their losses.

    Posted via CB10
    kevinnugent likes this.
    09-27-13 07:41 PM
385 ... 141516

Similar Threads

  1. Blackberry turns it self off
    By OwenDuff467045 in forum BlackBerry Curve 9220/9320
    Replies: 4
    Last Post: 10-20-13, 05:04 PM
  2. Replies: 11
    Last Post: 09-25-13, 10:31 PM
  3. BlackBerry Sold to Fairfax 4.7 million?
    By pittster in forum BlackBerry Z10
    Replies: 2
    Last Post: 09-23-13, 01:52 PM
LINK TO POST COPIED TO CLIPBOARD