yeah, go figure. A company comes out with the worst news possible and the share prices goes up.
I mean could earnings have been any worse? It's like every Canadian went out and bought shares to show BBRY solidarity or something because there was no reason for the price to go up. It should have gone down another $2 after that earnings report.
The earnings report couldn't have possibly been any worse. I mean amazingly bad. They lost more money per share in one quarter than a share is worth. How is that even possible?
And they pretty much admitted their handset business is dead. "The most immediate challenge for the company is how to transition the devices operations to a more profitable business model," Chen said."
And yet the price goes up 10%. Hey, next when they announce bankruptcy will the price go up another $1?
blackberry longs left holding the empty bag that's who bought the few phones they sold.
It's the kind of thing that happens when you're in deep and in denial.
There is no possible way earnings can be good. Last quarter was horrendous and that was before they announced they were quitting/selling and before all of their management jumped ship.
Last quarter is going to look positively rosy compared to this quarter.
There are many reasons to be positive with Chen guiding the ship.
In one month? Before the bottom dropped out, BBRY was doomed--just sliding down a slippery slope to oblivion. Market share was down to something like 1-2%. Then hits the sale and then no sale and then losing all top management and bringing in Chen and having to borrow a 1 billion just to stay afloat---and it's all supposed to better in one month?
Shorts will NEVER LEARN.
$140 to $6 and you have the inane audacity to declare that shorts will never learn?
how could it possibly be upgraded? BBRY just lost two more top level employees. There's basically no one left to run the company.
Has Chen been going to go door to door asking people to buy a BBRY phone so a few phones actually sold?
I would rather be an ANT than a COCKAROACH like your mother.
Really? A mother joke on a stock message board? Are you 13 years old or something?
its insiders to take the remaining 250m in debt by giving them another couple of weeks to make a decision?
Why haven't the insiders scooped up all that great debt well before the current deadline?
John Chen isn't neutral. You're not going to hear anything unbiased out of him.
Listening to CEOs is a good way to lose all your money.
What you don't get is that no they can't. This isn't a retailer hoping for a Christmas rush. You don't pull out a new phone with new company goodwill and new consumer demand in the short or middle term. This a long, long term play only. A bet the company 5 year play just to stay afloat.
Here's your reality check.
Citi said even simply shutting BlackBerry down would come close to wiping out the company’s cash balance, which the current valuation is based on. Separation and shut-down costs could approach $1 billion and purchase commitments would add another $2.9 billion for BlackBerry, which has cash balances of $2.6 billion plus a $1 billion investment from Prem Watsa’s Fairfax, Citi said.
“Short of a longshot turnaround and commercialization of the BBM business, we see few options for the company,” Gelblum wrote. “We are dubious as to which aspects of the handset business, software or hardware, Blackberry could successfully compete in.”
Freddy, what's that got to do with the price of tea in china?
Their admitted sales numbers are abysmal. Their sales are so bad they fell off the radar.
Hows it looking now buddy!
Incredible! Just incredible.
Down $140 over the last year and up a dime in the last 2 days. Doesn't get any better than that does it?
BBRY "STRONG LIKE BULL"
I think you meant "smart" like bull.
absurd. Get real. They borrowed 1b just to stay afloat because of their cash flow problems so stop the mindless jabbering and read when earnings comes out in a couple of weeks.
and its not a sif BBRY was in dire need of money
Absolutely wrong. They paid a billion for product they couldn't sell and payment is coming due. They have more product in the pipeline that they ordered that they can't sell and payment is coming due. They have 500m in employee lay off costs. They have to buy more product, spend more on R&D and pay the remaining employees to come out with new product in the future all of which is going to cost the company billions.
that will drive the shorts Bonkers
What the? The shorts have made more off this stock than any other stock in the stock market and here you are talking trash about a fantasy $3 bump.