yes, please run this up to about $17 so I can make another mint shorting it.
Even after you suckers lose 93% of your money, you don't learn.
From $140 to a post earnings reality check of about $6 and look how high this dead cat can bounce. It's incredible.
And on no company news. 2 months ago, The BBRY handset business was going to return the company to greatness and then the bottom dropped out and the CEO was removed and then a new CEO came in pitching a turn-around in a couple of years and wham! All of a sudden I'm reading an article on how BBRY is going to dominate enterprise software with no numbers on how enterprise software will ever make more than a couple million a year and now I just read an article from seeking Alpha that looked like it was written by a 15 year old kid who talked about BBRY making billions--yes billions on its handsets.
Incredible. I see BBRY going up until next earnings release when the reality check hits again.
did you read the seeking alpha article on how BBRY is now going to make billions on its handsets? I can't believe that guy would have the gall to write such an article.
Take heed. This cat is still alive!
I agree until next earnings report. But after that, based on what? Is BBRY the handset seller like this seeking Alpha guy just said it was? Even after BBRY basically just admitted the handset business was a break even at best business?
Or is it the enterprise software company? With no explanation whatsoever why, all of a sudden, there is this great opportunity to make a lot of money in enterprise software when the opportunity didn't exist at any other time over the past 3 years?
the market is irrational at times.
I agree and that's why I'm not jumping in with the longs right now even though I see upward momentum--because it's a #$%$ shoot as to when the upwards trend turns down. When the reality check hits that BBRY has no way of making money and continues to blow through hundreds of millions or even billions in value, I see us heading down again. A true turn around is years, if every, away.
BBRY already came out with its handset strategy and failed miserably. It doesn't matter whether you make the phones in house or now go through a 3rd party provider--you're still paying for the phones and hoping the marketplace buys them----been there, done that, failed.
BBRY has always been in the enterprise software segment and it's a low profit segment that can't sustain the company. Why pretend it's something new?
BBRY has always had the Pentagon and many other government entities and its a low profit segment that can't sustain the company. Why pretend it's something new?
So what again are the fundamentals that are turning this company around?
So you agree, this is nothing new for Blackberry, right? It has always had the Pentagon's business, right? It's a low profit center, fitting for a million dollar company not a billion dollar company.
You should change "Pentagon is trusting" to "Pentagon has trusted" --because it's not new, it's been going on for a decade. And it's a low profit center. Always has been, always will be.
they fired 1/2 the company and outsourced manufacturing, wrote off all old inventory, house has been cleaned, are you on dope?
1. The fired 1/2 the company because the business wasn't there to support them.
2. The outsourced manufacturing which still means they need to place orders for phones and pay for those phones and hope people buy them. BBRY phones have just proven themselves a massive failure, no reason to believe that just because they outsource the manufacturing process that there will be any more demand or profitability in the handset segment.
3. The wrote off all old inventory--see # and #2 above. It's because the business is tanking. Again, nothing new.
Moron it is 80,000 brand new bb10 phones and BES 10 server.
They've been getting this business every year for a decade. And not just U.S. business but similar international business. It's a low profit center. Always has been always will be.
this is not your 2012-2013 BBRY
All conclusion with zero fundamentals supporting your conclusions. Sooner or later fundamentals of a company always drive price.
I post facts, you post insults. Look up the word ad hominem. I'm like the scientists on evolution and your like the religious fanatics on evolution.
Your "Facts".... let's see. 1. "BBRY has no chance in enterprise software." Wrong they are currently the leader.
They have always been the leader. This is nothing new. Problem is that it's not profitable. It only makes BBRY a few million. Fine if you want a million dollar company but it won't support a billion dollar company.
2. "Enterprise Service revenue is small." wrong, it is 90 percent. Finally, you were bashing in the 5s, your post history doesn't lie.
90% of what? The $8 plus loss they posted last quarter. Get real. Enterprise software is nothing new. BBRY has been in enterprise software for the last decade. BBRY has had the Pentagon's business for the last decade. It's a million dollar company business not a billion dollar company business.
Making the phones yourself or having a 3d party make them at a little higher cost because the 3rd party builds in its profit margin up front--isn't an answer to anything. Get real here.
and the handset div is outsourced to foxccon
Why do you people repeat that ad naseum? Do you even know what it means? It means Foxconn builds in a profit margin up front on the cost of the phone--a profit margin that BBRY pays up front--so BBRY is paying more up front and still hoping the quality is there and that the marketplace will turn and start buying its phones.
wow, what a dreamer.
Here's your reality check. BBRY has always had the Pentagon's business. Always. And with that business, BBRY has lost a hundred billion dollars market cap. Why? Because the Pentagon's business is not enough to sustain the company. Never has been, never will be.
You are wrong on the foxconn deal. They are footing the bill on, design, manufacture, warehousing and distribution and Blackberry gets a cut at the end.
Absolute baloney. BBRY is paying for the phones and paying for the number of phones they order.
Wrong. Enterprise software and service revenue is extremely profitable at 90 percent margin and now counts for 50 percent of bbry's revenue.
BBRY's revenue? You do know they posted losses in the billions right? Everything they do costs more than the money they make. They are basically dead in the water. Burning through cash hoping that they can find a way to make a profit. But nothing foreseeable in sight. Chen has openly admitted to not expect a burn through of the assets until at least 2015.
It's a worthless statement in the abstract. BBRY has been in the enterprise mobile space for the last decaded. BBRY has been the exclusive provider to the Pentagon for the last decade.
And guess what? BBRY is still losing massive amounts of money with no end in sight. Chen has openly admitted to not expect a change in the cash bleed until 2015 or 2016.
a company on the edge of bankruptcy cashing out?
As expected. It's all hands on deck right now. They are bleeding 500 million a quarter.
ooh, ahhh, incredible. BBRY from $140 to $6--er, I mean from $140 to $10. Rah, rah, zip, boom bah. Way to lose 90% of my money. Goooo Blackberry!