That was when Blackberry actually turned a profit on a much smaller float... there has been massive re-financing and dilution since those days.
I mentioned this in a previous post (yesterday) and, in case u missed it, at $100 Blackberry would be worth half as much as a bank, like TD or RY... some people on this board have even suggested that BBRY could go to $200 and, if you understand the arithmetic, it would then be worth more than any publicly listed Canadian bank. But, i guess it's alright to dream big - at least, that's what the Amway people say.
Yes, they can be that stupid... I've noticed recently most BBRY investors don't understand the concepts of share float and market capitalization.
Are any of you guys aware of the relationship between share float, share price and market cap? You do realize that, in spite of losing money every quarter, BBRY already sports a market cap of $5,4B; at $100 per share, it would be capitalized in excess of $50 billion, and at $200 it would be capitalized beyond most Canadian banking institutions like TD or RBC...
MNKD was always a pig with 390M shares in the float. Meanwhile BBRY float is over half a billion shares! Guys on this board predicting $100/share are talking about a $50B market cap... let's not ever let reality get in the way. Keep on pumping!
i see it going to $1,000 this year (when i put on my dark glasses, the future's so bright). Then $3,000 by Q2, 2015. By 2017, BBRY will be trading somewhere north of $300,000 per share and will split... i've seen it!
It doesn't matter how you look at it. Blackberry's income statements have been in the ghetto for years; margins remain in the tank, sales are virtually non-existent. The only reason they are calling this a "turnaround" is bcus Blackberry only lost circa $250M last Q - as opposed to an average of ($700) per quarter - and the only reason for that was massive downsizing combined with a government handout. No revenue to speak of; no profit just promises. I've never seen a more gaping value trap, and yet the share price continues to rise while a great proportion of retail investors are cult longs egged along by would-be analysts. It's a shameless money transfer scheme.
NFLX is a profitable company... NFLX makes $ instead of burning cash and selling real estate to keep the ship afloat. Meanwhile, however NFLX manages to survive by selling old movies (for $8/m) that you can always download for free is somewhat confusing.
The comparison - Passport vs iPhone - is what spurred this little rally in the first place, but it's completely irrelevant. Passport will have to compete with Galaxy S5...it will have to compete against a bigger crisper screen, a more convenient hand-held form, and a faster processor, at a better price. GLW that.
Well, talking about Blackberry ever making money is still speculative and premature; GoPro is already profitable company.
Blackberry's CEO personality cultism has morphed from invoking a Norse deity to worshiping the one true God... that's got to be a move in the right direction.
Oh right ~ Black berry brand power should overcome any technical shortcomings of the device to justify an inflated price point; and then there is Chen cult to consider... how could "JC" be wrong about anything?
Agreed, but before that happens a great scourge will cover the lands beyond the Frothy Sea, and seven swordsmen will descend from the heavens; a beast will emerge in the East, and the rivers shall turn red with the blood of freemen; A great holocaust will sear the flora of the southern hemisphere,l then Yahweh will bring a plague on the money lenders.
Passport form factor is clumsy, for a handheld device, and the screen is smaller Galaxy S5. The Snapdragon "800" processor is slower than the Galaxy which uses an "801", and the price point (assembled in Canada) will likely be much higher. Where is the brilliant?
yes, but before that a great scourge will cover the lands beyond the frothy sea, and seven swordsmen will descend from the heavens; a beast will emerge in the East...
The company hasn't made a profit in years and only improved its neg revenue position last quarter by downsizing massively on threat of BK.... and now u think it's worth $100?
If every merger occurred on every MB where the mopes are talking about a "possible takeover", the whole US economy would have long ago consolidated into a single company.