Who will listen to someone tha doesn't follow the seven rules of capitolization? Or ANY rules of capitolization for that matter...
One thing that's pretty obvious from these dips, someone out there believes in this stock and is making huge buys whenever it goes under 6 bucks by very much. My guess is that people are trying to get positioned at 6 bucks and under before earnings.
Best of luck with your purchse. I'm kind of glad that I have no money right now because I'm very tempted load up on more shares. Either this stock is going to hit rock bottom and bounce, or it's going to hit rock bottom and close up shop. I'm hoping for a bounce, but Blackberry doesn't do much to instill confidence.
Lowest stock price in 10 years, I just checked.
Just rememeber, you'll have to invest in the company as a whole, warts included. I too have my doubts about the handset division, I'm still on the fence about how BBM is going to be a revenue stream, but I really like that Chen has refocused BlackBerry back onto Enterprise, a sphere they probably should have never left.
I understand the short's position and I'm not going to sugarcoat BBRY's situation, but my question is, if you bought the stock over the past few weeks what possible reason could you have to sell now?
1. All the bad information is already out there.
2. You're obviously not going to make any money by selling, the lowest it's been was 5.95.
3. There are a lot of reasons to believe that the stock is going to go up at its next earnings report.
Please keep in mind, my real question is directed torwards people who bought the stock over the past month, not people who have been short forever. What possible reason would someone have to buy over the past month yet sell now? It would make no sense...
Coming back up nicely! Woo hoo, the turnaround starts with BBM. All aboard here!
I also have maintained for quite some time that the consumer market is a write-off. But Boeing has 40,000 employees using Blackberry. Boeing is the type of enterprise that Blackberry could be supplying as an end-to-end mobile solution. If Blackbery retains Boeing, Govenment, Morgan Stanley, and other big Enterprises how can it be arugued that there's no way for this company to be profitable?? It's absurd!
Of course Blackberry can be profitable, and they don't need your kid screaming for one for Christmas in order to do it. What they need is to focus on business, lay off about half its workforce, and sell it's massive amount of unnused real estate.
I don't think it's going to be easy, and I don't think it's going to happen over night, and I'm not even sure it's going to work, but again, can this be a profitable company?
50+ million subscribers? Of course they can. They just need to cut their expenses and work on retaining the customers they already have.
I'm considering buying one myself, but I already own a Z10. If I could get 250 for my Z10 I would consider it. Too bad there's no buyback program when you upgrade your old phone.
You're making great points, all of which were made a little over a year ago when the stock was also at 6 bucks. After that the stock almost tripled in the buildup to the BB10 launch. I'm not saying that Blackberry is going to explode back to 150 bucks a share, but for you to say that a company with over 50 million subscribers worldwide has no significant revenue engines is simply wrong! This company needs to right size. If it is reduced to a company with 2-3 thousand employees supporting a niche market of business, banking, government enterprise users with only 20 million subscribers you're telling me that the company couldn't make money?
Personally I think it's a great time to buy. The stock is near all time lows, most bad news has already been absorbed, how muh worse could the earnings seriously be when compared to the previous quarter? I just hope that they have hemoraged enough staff to draw down their operating costs. A business if 50+ million customers can obviously be profitable. They just need to right size.
Stocks trade on 20% financials, 100% emotion.
I've always won going long with BBRY, but I've known when to get out. Yes, there are concerns about its long term viability, but I can assure you that Banks and government are buying these phones, along with several large enterprises. Once Blackberry chops down their staff they can be a profitable business, and BBM is finally generating some interest an excitment.
I bought earlier this week at 6.14. I'm not rich yet, but I don't expect to become rich. I'm thinking there should be a good chance to get out at 7.20 and pocket a buck a share. I'm not greedy.
Okay boys, we're finally starting to see some traction from BBM. BBM channels is being released today, BBM is starting to get rolled out natively to Andriod devices, we may finally be starting to see a viable revenue stream emerging.
Additionally, a 1 billion dollar cash infusion, clearing out a lot of dead-weight executives, and a loomed tax refund from the Canadian governement are all positives for BBRY.
I'm not saying there's no risk here, but if you're not willing to risk anything you shouldn't get getting out of bed in the morning. This is a good buy at this price.
I was long and I don't think I know any long that thought that was a good commercial. The commercial itself was bad enough, but the fact that the phone wasn't even going to be available for another month was just a complete head scratcher. The marketing team should have been flogged publically, then fired.