"However, he added that potential buyers will actually see some positive signs in the latest disclosures. He noted that the amount committed to pay suppliers had fallen steeply, to $2.9-billion from $5.2-billion in the previous quarter, while the company said it had identified “additional opportunities” to raise cash by selling unneeded assets. On Wednesday, The Globe and Mail reported that BlackBerry is looking to sell of some of its 20 Waterloo-area properties. BlackBerry also has $2.6-billion in cash and equivalents and no debt."
The amount committed to pay suppliers is way down from what was previously thought. This should be a huge positive for bidders.
We will find out by the end of the week if Prem has signed the agreement. Fairfax has to do it by the end of the week. And so, either you will win big or lose big by the end of the week.
I personally think other bidders will step up to the plate now that it is priced ultra-low.
You are confusing your followers. You first bought 8K shares at 474 and change. Then, you said...relax....Apple will be up today and not down. Now, you're telling folks to sell as soon as possible and that Apple will not be able to hold 476.
If that is the case, why don't you sell your 8K shares you bought this morning at the top and then rebuy.
When is the meeting with ICAHN? Is he the going to do a twitter post that sends the stock to the moon again?
I don't think it's going to be XY. I think it might be AB or CD or EF or GH that may be interested.
I don't think GH will let XY get away with it.
People express their thoughts on the message board. That's how it works. Emotion is not part of the stock market world.
Do what you want and express your thoughts the way you want. If you want to provide long thoughts, you are free to do so. If you want to give one word posts, you are free to do so as well.
Also, if you want to leave the message board for good, I don't think anyone will tie you down and force you to type.
You will likely be leaving because you've lost enough money. GMCR....bring back memories?
Yep...the stock is up $0.05. Is that the big pop you were looking for. Wow!
Yes, most of the time, when we expect negative earnings and we get negative earnings, the stock may even get a slight pop, but when further negativity builds up based on new information, the stock tanks further.
We'll see soon. Keep the trigger on the buy button at $6.
The results will still be reported. They simply want to avoid the analyst remarks and questions to keep them from downgrading the stock even further.
It's a smart move...
The stock may still tank on the results and guidance.
If you're Indian, you know they always look for bargains when making major deals. They are too smart in getting a good price for anything and then they brag about it later.
Prem may not be done with negotiating much lower...maybe $6 per share.
Why do you think BBM has been delayed so much. It will probably be delayed until a deal is finalized. Prem already knows that BBM will catch on big-time. He doesn't want to let others know though; otherwise, he would risk having other bidders step in or the stock price going up.
He needs to keep the stock price around where it is to close the deal. You'll see...he will buy it for next to nothing and replace employees with people in the Phillipines, India, China at 1/10th the cost and then improve net operating margins. Lastly, he'll resell the company in parts for at much higher levels.
He's a genius...
I can guess that Prem will take the company private at $9 or under $9 per share and then add staff from places like the Phillipines, India, etc at 1/10th the cost and show better operating net margins to eventually resell the company at a much higher price either by selling the parts or the whole at that time.
I just hate for the Canadians to lose what was once a tech empire there.
I feel that this was a marketing failure for the most part because the products, Q10 and Z10, have great reviews.
I hope you got at least 9 months of severance...one month for each year of service.
It won't beat the CEO's severance of millions for running the company into the ground.
I still love the Q10.
The guy owns 10 percent of the company at an average share price of $17. He wants to steal this company at $9 share and then streamline the heck out of (Phillipines, India, China) employees (cost 1/10th) and then resell for billions more.
They just announced a buyback of 5 percent. They will begin buying under $9 to average cost down. The guy is brilliant.
Yep. I think Prem has set a floor and is hoping to get more than $17 now to cut his losses.
Microsoft should bid. I wonder what their thoughts are on this one.