Seeking Alpha " Better Cover Shorts, CEO SAID WILL REPORT GOOD CASH POSITION " link
BlackBerry Short Seller Squeeze Watch
Mar 20 2013 By: George Kesarios
And CEO Thorsten Heins has some good news ahead of the report. In an interview just two days ago in the Australian Financial Review, he said:
In the context of the financial viability of the company that is where I shake my head sometimes and wonder what everyone is talking about. The company has no debt, I will report pretty good cash position by the end of March in my earnings call, so I think we did a really diligent job in, not just keeping the company afloat, but also bringing it back to health.
So we have a given that the company will report a good cash position. This is very important because it tells us that the company will not have a problem building up inventory.
I don't know what short sellers are thinking, but they better adjust their thesis as to why they have shortedthis stock to begin with, because things might get out of hand and they might be "running for cover" very soon