Pacific Crest analyst James Faucette, who lately has been determinedly bearish on BlackBerry shares, this morning finds another reason for concern, asserting that U.K inventory levels of the Z10 touch-screen BB10-based smartph"ones are “already too high,” and that inventory levels in Canada are “quickly approaching typically targeted levels.”"
"“Our checks indicate that as sell-through run-rates for the Z10 have declined meaningfully in the weeks following launch, we believe carriers and third-party retailers in the U.K. are already well above typically targeted inventory levels,” he writes. “Canadian carrier stores and retailers also appear to be rapidly approaching targeted levels, in our view.”"
Funny how a guy who was already written a negative article about once but a few times, and most likely has no stock keeps bashing it in writing up more excuses why not to sell it. If he is already advised his clients not to buy it and why does he continuously keep going back to the well. I think it's safe to say that these guys have a clear agenda which is to not only discredit but to make money by screwing the company with negative articles
I truly believe the guy at Pacific Crest is shorting the stock and hope to create fear to make the stock price go lower. I am sure Pacific Crest will continue make negative assumption with no real fact/number and write negative article every other day when the earning release day is near.