@what broker do you get the shares to short?
I've been shutting my phone off at night because these people keep sending spam texts and calls in Spanish in the morning. Sometimes I forget to turn it back on. My top pick is ACAD, and HIMX.
This company is finished, just as predicted. Where are the pumpers talking about $50 a share?
Reuters‘s Euan Rocha and Nadia Damouni this afternoon offer their curtain raiser to BlackBerry‘s (BBRY) annual meeting this coming Tuesday, writing that some investors say the smartphone maker must consider a sale of the company or individual parts.
You can follow that meeting Tuesday, starting at 10 am, Eastern time, via webcast on BlackBerry’s investor relations Web site.
The article quotes one John Goldsmith, a director of equity investments with Montrusco Bolton, which owns 1.5 million shares of BlackBerry, who claims the disappointing fiscal Q1 report from BlackBerry last Friday “were a quasi death knell for BlackBerry.”
Another fund manager, unnamed, tells the authors, “”I think the pieces were worth more than the whole a year or two ago, but that’s becoming less of a convincing argument and I am not sure it is true.”
No reason to cover. Same garbage you guys have been posting for 9 months. This company is done, finished, kaput! It's only worth what they can get for the patents once they file for bankruptcy.
"In the midst of a rout in Research in Motion shares, that’s the message being sent by Macquarie analysts Kevin Smithen and Zach Horat as they downgrade the BlackBerry maker’s stock to underperform.
Even as shares face their worst day in 12 years, down 25% to $10.86 in recent trading, the analysts are saying shares should fall another 17%. They put a $9 price target on the stock, though that would still be above the low of $6.22 RIM hit last September.
“Based on our internal survey as well as conversations with mobile procurement and security officers at large US corporates, we are skeptical that BlackBerry will gain traction in its BES 10 product,” the analysts wrote. “As such, the future is bleak for BBRY as an operating business, in our view.”
The analysts said a breakup or liquidation is the “likely end game” and ascribe $9 as the sum-of-the parts value. The parts: $6.12 a share for its services business, plus cash plus $1.58 billion in patents.
“We believe BBRY’s biggest assets remain in its patents and its cash,” the analysts add.
While a sale or breakup of RIM has been talked about for more than a year, that dour view comes largely thanks to the disappointing earnings that hit Friday.
The analysts over at Wedge Partners said the company “essentially fell short on all key metrics” and pointed out that they had been pretty pessimistic in the first place.
“Even given our consistently negative view of company fundamentals and views of weak Z10 sales and production cuts, we didn’t anticipate a report this poor,” those analysts wrote."
Amid the revelations that the National Security Agency has been secretly monitoring the records of millions of phone calls across the country via telephone service provider Verizon, Congress is concerned that the NSA's actions may have also captured phone calls of lawmakers and their staffers. It should be noted that Verizon is one of the main service providers to government issued Blackberries members and their staff use to communicate with one another.
A senior hill staffer on the House side told Breitbart News on Sunday, “I have grave concerns over the privacy of communications between staff and their member of Congress. All of our communications go through Verizon or ATT to reach our Blackberries." The staffer added, "Through a blanket seizing of these communications, the NSA is permanently intercepting and storing privileged material. This rasies further constitutional issues regarding separation of powers."
A senior Senate staffer agreed telling Breitbart News, "Senators and staff all use Verizon phones. So the executive branch is monitoring the meta data of the Senate. This seems like a violation of the Speech and Debate Clause of the Constitution."