Icahn bought millions after his proposal for Dell. That just happens to be a recent notable instance of a buyer taking advantage of a low stock price after a bid has been made. If Fairfax and the other partners bought 200 - 300 million right now I would be happy as can be and if they are not, then they are not good business people. I could care less if they got every share for a penny, as long as I get the bid price. They would pay themselves a nice premium at the sale and reduce their investment cost. Quite frankly, I think it is reckless for institutions that are already in this to not be doubling down.
You just called Prem Watsa a liar.
He said he is not adding a single penny. He just wants someone else to make it worth $9. I would too if I was holding a bag of dying $7 stock.
" Watsa said Fairfax won't be contributing more to the bid than the 10 percent it already owns.
"The 10 percent is like $500 million. It's a significant amount of money," he said. "We're going to bring equity partners and we think the company will be very well capitalized.""
I think that alone should tell you the Fairfax deal ain't gonna happen.
I was long BBRY, took a loss a few weeks ago, and never looked back.
Heins is a lying, sack of sheeet, and I will never hold on to shares when the management are brain-dead, lying, you know what..
The only reason BBRY is $7.69, is people are still buying, hoping to get $9.
$9 is a great return from here (17% profit), especially if the deal was going to close soon, which makes so obvious the deal ain't happening.