Seeking Alpha

BlackBerry evaluating strategic alternatives

  • BlackBerry's (BBRY) board announces the formation of a special committee to explore strategic alternatives including joint ventures or a sale of the company.
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Comments (16)
  • Abu Bakr Hussain
    , contributor
    Comments (599) | Send Message
     
    Looks like they'll begin actively courting potential buyers then
    12 Aug 2013, 08:11 AM Reply Like
  • Loon-a-tick
    , contributor
    Comments (1801) | Send Message
     
    Will the price rally or fall on this news?
    12 Aug 2013, 08:18 AM Reply Like
  • globalmarkets
    , contributor
    Comments (10) | Send Message
     
    I think that the price will be open at least 12$.
    12 Aug 2013, 08:20 AM Reply Like
  • domi1kenobi
    , contributor
    Comments (71) | Send Message
     
    the longer they wait the more cash they will burn, the more difficult it will be to sell it. I don't believe the stock will rally to 12$ :D
    12 Aug 2013, 09:13 AM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (2043) | Send Message
     
    Good for $NOK, adding even more uncertainty around $BBRY, pushing more businesses (that want stability) away from it, to WP etc.
    12 Aug 2013, 08:23 AM Reply Like
  • Davidoff
    , contributor
    Comments (325) | Send Message
     
    It's really amazing that the world's 4th mobile company has to go private or to go on sale, regardless of its strong balance sheet and its more than correct sales figures, just because Wall Street isn't pleased with its results. If that's not a sign that the stock market is completely detached of the real economy and the reality, I don't know what else you need. What it basically implies, is that unless you're in the top 3 in your area, you shouldn't even bother doing business. It's a completely biased vision and it simply goes against all the economic and business theories.
    12 Aug 2013, 08:27 AM Reply Like
  • Aristotle5
    , contributor
    Comments (575) | Send Message
     
    I could not agree more with you.
    12 Aug 2013, 09:03 AM Reply Like
  • domi1kenobi
    , contributor
    Comments (71) | Send Message
     
    Do you really believe if BBRY was doing so well they would need to sell the company? My guess is that after 2 years waiting for a new model the fan-base bought their BB10 device last quarter - and now sales decline - see the huge retailer in India that has it profits lowered even though they started selling iPhones that increase 400% in sales the margin on the BBRY was higher and they don't sell anymore.

     

    Looks like the card game where the last one holding the joker (share) loses
    12 Aug 2013, 09:07 AM Reply Like
  • DeepValueLover
    , contributor
    Comments (9719) | Send Message
     
    Looks like a ~$10 per share take under is about to commence...
    12 Aug 2013, 08:28 AM Reply Like
  • Davidoff
    , contributor
    Comments (325) | Send Message
     
    I doubt that it would pass a shareholders vote for less than $15. Even Fairfax Financial's average share price turns around $14.
    12 Aug 2013, 08:32 AM Reply Like
  • domi1kenobi
    , contributor
    Comments (71) | Send Message
     
    All you longs really believe they gonna pay a premium of 100%? :D
    If they are smart they wait another quarter and get 25% discount.
    This is bad news for the BBRY Longs, if BBRY ever makes a turn-around you won't have had a piece of the pie. Anyway, anybody who bought higher than 10 dollar will lose money.
    12 Aug 2013, 09:07 AM Reply Like
  • Davidoff
    , contributor
    Comments (325) | Send Message
     
    With spikes like we've seen this year, both shorts and longs have been more than rewarded. As I said before, I made x6 more money trading BBRY, than I made by shorting AAPL. BBRY share can go as low as $6 and as high as $18, so the premium will be calculated accordingly. We can only guess at this point. A company doesn't need to be successful or even make profit to be overpriced, it just needs some hype. With all the speculation that we are going to see ahead, the stock can go absolutely anywhere. A simple verbal 'interest' on behalf of any company (like Lenovo) will make the shares soar, while the bottom seems to be set at $9,50-10 for now. So your claims, that the stock will be sold at $10, or below $10 are as speculative as the claims that the stock is going to be bought at $40. As I see it, BBRY might be bought somewhere in the range of $12 and $15. I agree with you, that we are all businessmen and we all want to buy cheap and sell high. However, anyone who will want to purchase BBRY will have to do it by rules, by pleasing most of the investors and not making any unnecessary waves in this deal. Watsa is already at the border of a conflict of interests. The shares have been manipulated (both up and down) for a while now, and it isn't likely to stop now.
    12 Aug 2013, 09:40 AM Reply Like
  • oldtimer125
    , contributor
    Comments (127) | Send Message
     
    BBRY is also delisting from Nasdaq.
    12 Aug 2013, 08:54 AM Reply Like
  • middleaged1
    , contributor
    Comments (18) | Send Message
     
    I get a chuckle from all the predictions of where the stock will end by a certain date. Pure entertainment.
    12 Aug 2013, 10:31 AM Reply Like
  • cnotp
    , contributor
    Comments (8) | Send Message
     
    Why don't they convince the major app companies that it isn't a business phone only and try harder to get the major apps on the newest phones?
    12 Aug 2013, 09:33 PM Reply Like
  • mvermaak
    , contributor
    Comments (331) | Send Message
     
    Was it stated that the company may be sold ? I think the reality is that we must just get past two quarters of launching new devices and results start coming in
    When the american press was bashing toyota i thought it was the end of toyota but all eventually al returned to normal and with blackberry it will be the same. The bashing will blow over
    30 Aug 2013, 08:14 AM Reply Like
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