starting to become the worst kept secret on the street..seems like ll the media outlets have the nose nod
"Even though nothing is official until it’s official"
Corporate officials aren't talking, but at least one technology analyst says the deal could make sense.
"Lenovo is serious about becoming a worldwide player," Bob O'Donnell, chief analyst at TECHnalysis Research told CBC News in an interview. "People want an answer to iOS or Android and there is BlackBerry with BB10."
O'Donnell said any rumor of a sale, even if specious, is a result of some smart moves on Chen’s part.
"Turning around something that a lot of people thought was dead into something that was good enough to sell even pieces is in fact a victory of sorts," he told CBC's The Exchange with Amanda Lang.
Lenovo already has a share of the smartphone market in Asia, but a purchase of all or part of BlackBerry would give them a new cachet and larger playing field, he said. "They're a huge player in phones in China and Southeast Asia," he said. "Buying QNX and [BlackBerry's] security stuff would be huge for them."
Lenovo recently bought the Motorola handset business from Google, for example. "They have their targets set high," O'Donnell said.
A trading halt could occur anytime between now and Monday morning and nobody wants to be caught short mere...that I can guarantee..that's an 80% hit ..it was a pretty safe bet that nothing would happen till mid week but now we are here..
I and long a few shares but would definetly would not want to be short here...way to risky given the past interest of Lenovo and the specificity of citing a source and the actual price
The combination of more money in people's pockets, lower interest rates and lower jobless claims is going to really make this stock move...revenues were already there, and this is major positive for credit
looks like they are out of share to buy at this price..should move up into the 30's from here to share more shares
i'll chime in..static loss rate is moving towards 8% per the company's announcement last week...bad debt provisions are different than 60 day delinquencies..which for last qtr was 8.7%....finally EPS is up 20% this year even though they have guided down and the share price is off 70%, now known to be strictly created by short sellers attacks, all the way back to Feb so Luxor could by it cheap...and now the short interest is 80% of the float..the business model is built for delinquencies..the best they could ever do is 7%...mean while earnings keep going way up but fluctuate
the poison pill wasn't to stop Luxor..it was to negotiate their job security or Luxor wouldn't have shorted the #$%$ out of it after they announcement on strategic alternatives....take over most definetly still on
stupid management was trying to make a business case on why the model was so strong yadi yadi ya ya..
they presented charts..The fact is this company is growing like weed with no risk of its demise in the worst market conditions..they provided the spreads between interest rates and loss rates..they showed high margins and revenue growth all the while these guys were shorting the #$%$ out of it so they could take it over
this was never about the business case..its clear today, this was about a hostile takeover..
idiot management kept talking about the great business case while Luxor was shorting it to oblivion
I think Luxor now has to make move quick...every day they wait, they lose big on their massive short position...they can cover at the buyout price..there has to be some intense negotiations going on behind the scenes
exactly..let me ask everyone one simple question...why does Luxor own 21%; Einhorn 10 percent and at the same time the short interest absolutely in the stratosphere while the company is taking a poison pill. I believe Christian Leone and David Einhorn are in on this together. Why are they even here? On any good announcement, the market is going to tear these guys a new #$%$ just like they did with GMCR. Short interest is probably 14M! right now ...14M!!! (based off the share price decline after
oct 1st). This is not a sell off by shareholders at all just like last time! Theodore Wright truly needs to simply say something about splitting the credit business and how it will successfully work or take it off the table. I have to say, he is not behaving as the smartest tool in the shed right now but he is great operator. Anything he says is used as a new short opportunity to try to scare shoulders and increase the share count position...I see a GMCR all over again on this one......but with a more severe duration increase....the short interest increase cannot be sustained without an opposite explosion.The attack has been planned to buy it and well orchestrated.
This is not about informing the street about the strength of the business model or the increasing earnings, and the unit growth. There was never a real sell off. ..this is about blowing these guys out of the water. looking for rebound today off the short interest news and the multi year triple bottom
and earnings are up 20% this year and 20% next year..crazy stuff