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Ben Learner

Ben Learner
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  • BlackBerry: Strong Buy On Buyout Collapse [View article]
    In my opinion it is premature to call BlackBerry a strong buy until all the BOD has been replaced, stable leadership is in place and an update on short position is available.
    Nov 5 03:57 AM | 5 Likes Like |Link to Comment
  • Bloomberg: BlackBerry more open to breakup, suitors only want pieces [View news story]
    @LYogi

    Making money at all costs with a sale and break up is not what most BlackBerry investors want?

    I would not like to see BlackBerry sold piecemeal.

    I would like to see how it gets on under new management.
    Oct 9 09:26 PM | 6 Likes Like |Link to Comment
  • A Look Into The Anatomy Of BlackBerry's $1 Billion Loss: More Like An Autopsy Than A Diagnosis [View article]
    @Loon-a-tick

    No change in lifestyle does not equal indiference. If there is someone guaranteed a change in lifestyle is the current BOD. It is only a matter of time and a few investments of the healthy reward for their betrayal made with the same accumen with which they have handled BlackBerry. No doubt they will be looking for another job in less than 10 years, and this charade will be remembered long after.

    @Michael Blair

    Michael, great accounting and very good article. I agree completely with your view regarding the future of this buyout and the toxic nature of BlackBerry stock until new management is appointed. Meanwhile, watching from the sidelines and enjoying my Q10.
    Oct 2 08:31 PM | Likes Like |Link to Comment
  • BlackBerry: Why No One Is Going To Top The Fairfax Bid [View article]
    @author, @weisje

    Great article. Well reasoned. Demolishing, really.

    In retrospect there were earlier signs -that many of us did not see- that BlackBerry was working against the majority of the shareholders, but changing the accounting practises one week before ER, stalling BBM release and coming up with a lowball "offer" in a 72 hour succession is blatant.

    Weisje, you have posted many times that BlackBerry's only chance of survival was to be taken private. What did you expect?

    We look at PW as if he is the one perpetrator, but a closer look at the enormous increase in participation of certain institutions in the last couple of months in my opinion tells us that Watsa is far from alone in this charade. He may be the goat at the head of the herd, but the sheperd is command.
    Sep 30 06:17 AM | 3 Likes Like |Link to Comment
  • BlackBerry closes near $8, two pension funds only want pieces [View news story]
    @BugleBoy
    We all did. I still believe in the product, but the management behaviour is an outrage.
    Good luck.
    Sep 26 01:32 AM | 2 Likes Like |Link to Comment
  • BlackBerry closes near $8, two pension funds only want pieces [View news story]
    @arcady
    I am a great fan of BlackBerry's technology. I have ridden this stock, which is my first serious investment, until I have realized that the management is working against the shareholders. I have taken my losses, which I will endeavour to mitigate elsewhere.
    The conference call has been cancelled (press release after market close) and T-Mobile is stopping stocking BlackBerry in its stores.
    This thing is going to take a hit tomorrow even before the market opens.
    Sep 25 07:48 PM | Likes Like |Link to Comment
  • BlackBerry closes near $8, two pension funds only want pieces [View news story]
    Heins' performance in June under normal circumstances would have been a CEO terminal event. Clearly it was not the moment to change CEO. This does not surprise me one bit.
    Sep 25 07:02 PM | Likes Like |Link to Comment
  • BlackBerry closes near $8, two pension funds only want pieces [View news story]
    If Watsa tries to lower the offer BlackBerry walks away for free.
    No 0.30 a share.
    Nothing.
    Sep 25 06:55 PM | 2 Likes Like |Link to Comment
  • BlackBerry closes near $8, two pension funds only want pieces [View news story]
    Conference call cancelled. Results (released on 27th) to be published in the consolidated financial statements, to be filed next week.
    T-Mobile stops stocking BlackBerry in its stores.
    Things going from bad to worse indeed.
    Sep 25 06:41 PM | 2 Likes Like |Link to Comment
  • Death Before Dishonor: 5 Reasons I'm Not Backing The BlackBerry Buyout Anymore [View article]
    BlackBerry has changed its internal accounting practices to make itself look bad.

    BlackBerry has leaked BBM and then lied to the public, again, to make themselves look bad.

    This is the only way Watsa was going to bid.

    Does this indicate that there are many buyers above $9?

    Heins gets his paychek. Watsa gets the company. BlackBerry insiders keep their shares. Retail investors get clubbered.

    These shennanigans should serve two purposes: to satisfy the greed of insiders and to preserve the company, away from public scrutiny. Company preservation serves a social purpose in Canada and a practical advantage to the users of their technology worldwide. However, Watsa is no Buffet. Is BlackBerry safe in his hands?

    Regardless of whether BlackBerry gets sold and then dismantled or whether it manages to stay public under new management, the long retail investors will get clubbered.

    I would not dare to give advice to anyone, but sometimes when life throws at you an opportunity to learn and move on, one should not try too hard to spoil it with success.
    Sep 24 11:58 PM | 1 Like Like |Link to Comment
  • Prem Watsa Bails Out BlackBerry [View article]
    Exactly
    Sep 24 08:19 AM | 3 Likes Like |Link to Comment
  • Fairfax not putting additional cash into Blackberry [View news story]
    +1
    Sep 24 02:27 AM | Likes Like |Link to Comment
  • Fairfax not putting additional cash into Blackberry [View news story]
    That is exactly phase three (see previous posts for phaes 1 & 2).
    Inside job.
    Sep 24 02:23 AM | Likes Like |Link to Comment
  • Fairfax not putting additional cash into Blackberry [View news story]
    @LYogi

    The only trouble is the BOD is in it. They would all have to be replaced.

    Nobody is representing the interests of the company, its workers and the shareholders.

    Bunch of crooks if you ask me.
    Sep 24 02:15 AM | 1 Like Like |Link to Comment
  • Citi, Wells Fargo doubt another BlackBerry bidder will emerge [View news story]
    BlackBerry route plan:

    Phase 1: deliberate incompetent roll out of good products
    Phase 2: deliberate destruction of shareholder value followed by massive layouts and low ball offer, halting the release of BBM, as they know there will be considerable interest and the market may react positively
    Phase 3: spread further bad news to further tank stock so offer will get accepted

    We are at stage three of this charade.

    Heins must be regretting getting Canadian citizenship. He has put his head on the block following that 50M carrot. That money should last him, as I do not expect it will be job offers that will be filling his hub.

    Watsa turns out to be no Buffet. I think this much is clear. He should not be surprised if people start endearingly calling him Bernie (he likes F1... you see?)

    Bernie should rethink if he believes his Fairf**ks holding is getting out of this unscathed. Reputations are all important.

    This is what shorts knew all along. Credit where credit is due.
    Sep 24 12:02 AM | Likes Like |Link to Comment
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