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More on BlackBerry: Analysts worry about Fairfax, current performance

Aug. 12, 2013 9:32 AM ETBlackBerry Limited (BB) Stock, BB:CA StockBBBy: Eric Jhonsa, SA News Editor44 Comments
  • Ever-bearish Pac Crest is concerned about top shareholder Fairfax Financial's resignation from BlackBerry's (BBRY +6.3%) board. Though officially done in the name of eliminating conflicts of interest, the firm sees the announcement as bad news.
  • Fairfax CEO Prem Watsa says his firm has "no current intention of selling its shares."
  • Bernstein, meanwhile, thinks BlackBerry's decision to evaluate strategic alternatives "suggests ongoing operations are a disaster."
  • Citing recent deals (inc. Dell's), TD Securities sees only a ~25% buyout premium, which implies a price of $12.20/share. Silver Lake and TPG are viewed as the most likely partners.
  • Shares are still higher, but have pared their gains some.
  • More on BlackBerry

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