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Canadian pension fund still weighing BlackBerry investment

  • Mark Wiseman, CEO of the Canada Pension Plan Investment Board (CPPIB): "It would be fair to assume that we would analyze that and try and make a determination as to whether it makes sense on a risk-adjusted basis for us to participate in a financial bid." That's hardly a guarantee an offer is on the way, but it nonetheless led BlackBerry (BBRY +1.6%) to rally in afternoon trading.
  • Wiseman mentioned two months ago CPPIB is open to taking a stake in BlackBerry, but that was well before the FQ2 warning arrived.
  • Another Canadian pension fund, Alberta Investment Management., is also considering taking part in a BlackBerry bid. However, the firm's CEO recently declared the proceedings "the most bizarre sales process I’ve seen in a long time," and added no one has "come to us with a proposal that makes any sense."
  • Reuters reported over the weekend Cisco, Google, and SAP are in talks related to buying part or all of BlackBerry. Shares have bounced a bit this week, but remain 9% below Fairfax's (funding-dependent) $9/share offer price.
Comments (15)
  • alext1379
    , contributor
    Comments (706) | Send Message
     
    It would be smart for one of the serious bidders to make the CPPIB a junior partner to alleviate the government security concerns.
    9 Oct 2013, 04:22 PM Reply Like
  • mvermaak
    , contributor
    Comments (267) | Send Message
     
    I am a firm believer that regardless of all the negative publicity that blacberry will not be sold at 9,00 usd per share and we are seeing only the first signs of what is to come .Bidders will come forward over the next few days
    9 Oct 2013, 04:30 PM Reply Like
  • stevef1086
    , contributor
    Comments (25) | Send Message
     
    MV - i sure hope you are right about that...if not the next few days, maybe the next few weeks!!
    9 Oct 2013, 04:37 PM Reply Like
  • Chris Lau
    , contributor
    Comments (1628) | Send Message
     
    (BBRY) might finally be at an inflection point now. Having just activated a handful of Q10/Z10 (albeit a small number) it is clear BB just needed time for the enterprise to catch up. Sharply cutting Z10 and Q10 prices helped, too.

     

    Prefer the GoogleBerry rumors, because BB doesn't just need to be private, it needs management replaced with stronger staff. Also, the company needs big marketing dollars and a better marketing team to replace the existing one.
    9 Oct 2013, 04:48 PM Reply Like
  • Blkwtrdragon
    , contributor
    Comments (79) | Send Message
     
    GOOG can take the platform away from Samsung by buying BB. We might see some bidding between those two big guys.
    9 Oct 2013, 04:58 PM Reply Like
  • ciolan
    , contributor
    Comments (193) | Send Message
     
    After taking a big hit by selling ~8.5, I came back on board at 7.96 ( for more pain? ). So I am long.
    But "it is clear BB just needed time for the enterprise to catch up" ? Can you back that up with any data?
    9 Oct 2013, 05:04 PM Reply Like
  • Zzoot1
    , contributor
    Comments (192) | Send Message
     
    I agree Blackberry don't need to go private, instead BB needs to replace the management.

     

    Look at the CFO on a writing off spree.

     

    All goodwill recognized as impaired as soon as Heins took over

     

    Partial Revenue not recognized in at least two Quarters

     

    The new Z10 phones written off as soon as manufactured, no
    grace time given for selling.

     

    Were they trying to make the Company looks bad, to take it private?
    If not then we will soon find out why.
    10 Oct 2013, 02:47 AM Reply Like
  • gwynfryn
    , contributor
    Comments (3994) | Send Message
     
    Well, if they weren't trying, Zz, they could hardly have done a better job if they did try!
    10 Oct 2013, 09:30 AM Reply Like
  • mvermaak
    , contributor
    Comments (267) | Send Message
     
    Steve our minds are maybe blinded by all the bad publicity but all our friends see our q10 s and they want to change immediately ,obviously it is propaganda but if blackberry receives one firm bid from an american company ,which trust me will happen then the whole story will change and it can happen any minute
    I cannot see a gem of a company be sold for scrap
    9 Oct 2013, 04:46 PM Reply Like
  • David653
    , contributor
    Comments (1464) | Send Message
     
    Sorry to say Blackberry's demise was the result of lack of innovation not lack of cash, they are not in debt and had loads of cash to prompt innovation. So any pension fund considering in pumping more cash into this company is futile. The only reason FFH is wanting to invest is due to the 10% stake that could very well vanish, so they have no choice in trying to re-coup their investment (what would be loss) somehow. Don't get sucked into this Mr pension fund.
    9 Oct 2013, 06:04 PM Reply Like
  • Cyber6
    , contributor
    Comments (4) | Send Message
     
    Bbry will not be sold to any business that has manufacturing, or HQ operating from Asia. This for security reasons. Only phone in the world that's made here in North America (Mexico or Canada). Having said that the most likely winners will be Canadian pension or fair fax consortium.
    9 Oct 2013, 06:07 PM Reply Like
  • Loon-a-tick
    , contributor
    Comments (1447) | Send Message
     
    They have settled a couple of law suits. Sounds like they are tying up lose ends for prospective buyer. Nobody wants to inherit suits.
    9 Oct 2013, 06:28 PM Reply Like
  • WATERLOO JOE
    , contributor
    Comments (396) | Send Message
     
    Alberta Investment management Corp CEO Leo deBever said it is the most bizarre sales process i've ever seen . We are looking at it but no one has come to us with a proposal that makes any sense.!
    DeBever who manages $69 Billion of pension funds,we are looking at individual assets, not that we want to take a carving knife to Blackberry But the odds are that's what is going to happen
    9 Oct 2013, 06:56 PM Reply Like
  • WATERLOO JOE
    , contributor
    Comments (396) | Send Message
     
    It appears pension funds may only invest if a major player such as Google were to take over Blackberry according to Aimco fund DeBever said
    9 Oct 2013, 07:00 PM Reply Like
  • goog2013_
    , contributor
    Comments (85) | Send Message
     
    that is a joke.

     

    If google takes over, why google need a pension fund to invest?

     

    I mean google need cash from a pension fund? The guy is a joke.
    10 Oct 2013, 01:30 AM Reply Like
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