im a big carl fan. His strategy has worked well over the years (as shown by his net worth). I bought NUAN by chance shortly before he did and he gave me a nice pop just based on his reputation (that pop has since faded). That being said, I don't think Carl is interested in BlackBerry. Yes, he likes challenges and loves to pick up fallen stars and try to fix them, but in this case it's just way too much work. I could see Carl maybe opening a small (passivee) position in the company if it gets any lower, but I doubt he has the energy to Icahnize BBRY.
I wonder why not. In order to do the things he likes to do he has to get a big enough position FIRST.
He looks for badly managed (almost synonymous with much depressed stock share price as a reflection of BAD MANAGEMENT) companies in which there is a large short position/interest and a decent balance sheet. IT IS GRAHAM DODD INVESTING AT ITS EXTREME SUCCESSFULLNESS.
BBRY has bad depressed stock share price, has 3.1 billion dollars cash, has no debt, has a great reputation for security like BES10 etc, has only 524 million outstanding shares with 184 million of those shares shorted, has had a flawed US sales result management if those earnings are the assessor of that situation, has a good earnings going around the world (just had a 40 pct increase in sales reported by allowing exchanges in India), its product is reported to be in every new Ford , etc.
HUGE SHORT position with a great balance sheet is a stupid short. The biggest thing those shorts have going for them right now is a management that is dragging their feet on SHORTBUSTER company moves. That is a mystery right now and I want ot know why they have made the moves yet.