BBRY halted

Took2Summit · Sep 20, 2013

http://blogs.barrons.com/techtrader...-shares-halted-pending-news/?mod=yahoobarrons

probably either a buyout offer or something similar. at any rate expect a lot of volatility once halt is lifted..

Tsing Tao · Sep 20, 2013

Oops. No buyout. Bulls committing mass suicide as we speak.

Took2Summit · Sep 20, 2013

Quote from Tsing Tao:

Oops. No buyout. Bulls committing mass suicide as we speak.

yep, hahahaha. i wasnt long or short, just thought it would be a good opportunity for lots of volatility in it

TrendPlayer · Sep 20, 2013

BBRY Back in Action!

Took2Summit · Sep 20, 2013

Quote from TrendPlayer:

BBRY Back in Action!

it's an interesting one, if BBRY liquidated right now it would be worth 18 a share, but the problem is they keep bleeding all the assets they do have. They should just go out of business and cut everyone an 18$/share dividend and call it good. Looks like they will just slowly bleed whatever value they do have (think its about $8b? market cap is currently like 3.6B after this 20% drop) but if they keep losing a billion a quarter....ouch.

prc117f · Sep 20, 2013

Quote from Took2Summit:

it's an interesting one, if BBRY liquidated right now it would be worth 18 a share, but the problem is they keep bleeding all the assets they do have. They should just go out of business and cut everyone an 18$/share dividend and call it good. Looks like they will just slowly bleed whatever value they do have (think its about $8b? market cap is currently like 3.6B after this 20% drop) but if they keep losing a billion a quarter....ouch.

where are you getting this mythical 18 dollars a share?

If that was the case Gordon Gekko would buy BBRY right now, liquidate it and sell assets off like he did with Blue Star.

Took2Summit · Sep 20, 2013

Quote from prc117f:

where are you getting this mythical 18 dollars a share?

If that was the case Gordon Gekko would buy BBRY right now, liquidate it and sell assets off like he did with Blue Star.

http://business.financialpost.com/2...ly-worth-more-than-keeping-the-company-alive/

Is one of many articles. Obviously I havent looked at BBRY's books myself so I guess its all open for interpretation. But it's pretty widely accepted that their liquidation value is higher than their current market cap. The problem is they are burning through 1B of their liquidation value on a quarterly basis.

http://finviz.com/quote.ashx?t=bbry&ty=c&ta=1&p=d

Is where I got $18 book value/share

badvestor · Sep 20, 2013

Haven't looked at this one for months. If it stays above 6.00 next two weeks I'll be loading up on cheap leap calls 10 strike

2ez · Sep 23, 2013

The company buys a new jet

WTF

Thorsten and the BOD both sabotaged this company.

koolaid · Sep 23, 2013

Quote from 2ez:

The company buys a new jet

WTF

Thorsten and the BOD both sabotaged this company.

This company had the smartphone industry by the balls and just got lazy.