Watsa and Buffett can take this thing Privte at $18
Here are the many good things in the company
1.Sold 2.7 million BB10 devices in the 16 weeks since the Z10 was released. Q10 QWERTY didn’t really ship in Q1 and will count starting in Q2, current quarter.
2.Launched the Q10 in many markets worldwide;
3.Launched the Q5 for European and Asian markets;
4.Launching BES 10.1 and making it easier for enterprise to manage heterogeneous devices from a robust management system with 18,000 servers already installed;
5.Announcing the availability of the BBM messaging service on Android and iOS platforms;
6.Keeping a strong balance sheet now with over $3.1 billion cash;
7.R&D Pipeline of new devices for launch later this year including not only BB10 devices but also another BB7 device for certain markets
8.Obtaining the largest order in BlackBerry history for 1 million units of the BB10 devices.
your last point was called into question.it appears much of that is still in the channel.the problem is american out of hand rejected the phones,qwerty is like white male voters in this country a dying breed,reality is most people and im not one have adapted to touch screen.if anybull is correct we have seen multi year highs at 18,and more likely we are at future 52 week high now at 10.50.expect another 25-30 percent the next cpl of days on downgrades,pray that those downgrades are outright sells and are downgrades to holds,sell could well put this into perm penny stock status.
Tracey, you say you are long but you think the stock will go lower, perhaps by 20% this week, but you would rather hold it now, as you don't know what your stock gains / losses are for the year, so why rush to take a loss (for tax purposes), when you might bot need such loss.
I think you are one demented, twisted, fool.