True cash burn from operations was 206 million in the worst quarter imaginable. I would have expected much worse based on the drop in revenues. It won't take much of an improvement in revenues to bring this back up to breakeven on a cash flow basis.
I'm looking past all that. Once restructuring costs are done with, they will start generating cash as soon as the quarterly loss is less than the amortization expense.
Just sayin' they will be generating cash flow before you know it. Most of that 4.4b loss is just a book entry and will never be realized until they sell the assets or the company itself.
Now tell me what the cash loss on operations is based on that calculation. You will see they are not far from turning a profit.
If stock goes down...everyone will buy because its way too cheap. If stock goes up...everyone will buy because the bad news is over with. Conclusion...everyone will be buying...myself included.
Sure you did. That's why you're on here 24/7 posting garbage for pennies a post. Anyone with half a high school education would have a better job than that. You don't even have enough money to open a trading account.
Putting that ivy league education to good use I see. Too bad you couldn't land a real job.
And you wasted all that money on an education just so you can post garbage on a yahoo message board 24/7 day in and day out. You truly are a loser.
The purchase commitments are already reduced from I think 5.8 billion down to about 3.9 billion if I remember correctly. They will continue to re-negotiate them to match sales forecasts. Quit spreading falsehoods.
Purchase agreements and commitments get re-negotiated all the time based on sales forecasts. Don't for a minute think that BBRY won't re-negotiate their commitments to realistic levels. It's not a concern as all suppliers are more than willing to accommodate their best customers needs. Also, cash burn is no where near the levels they want you to believe. Last quarter it was reported that cash burn was $500 million but that was later proven to be false as over half of it was due to a strategic asset acquisition and some capital projects. Don't listen to the bears...they just want to scare you out of your shares. BBRY will stage an incredible turnaround this coming year. Now is the time to buy and hold.
It is clear that some firm or firms has an agenda to kill BBRY. The fact that they are willing to be on this board 24/7 to bash not only the company but its investors, to me indicates that they are not merely individuals who are short. This is a concerted effort to bring the company down. But it's not going to happen. The company is too strong financially.
And you went on and on pumping bankruptcy for a company that has billions in the bank. My dog is smarter than that.
I have a more accurate forecast for you now. I forecast you are about to lose everything you own.
It's all about the asset value. If you haven't noticed, the stock is trading at about 1/3 of its book value. I really think you should short this pig with everything you've got, after all it's going to zero isn't it???