Utbblog says it best ocean.. ![who-me](https://utbblogs.com/home/bradu25/public_html/wp-content/uploads/2015/01/who-me-247x300.jpg)
Well, that was quick!
BlackBerry Responds to Media Report
WATERLOO, ONTARIO–(Marketwired – January 14, 2015) – BlackBerry Limited (NASDAQ: BBRY)(TSX: BB) (“BlackBerry”) is aware of certain press reports published today with respect to a possible offer by Samsung to purchase BlackBerry. BlackBerry has not engaged in discussions with Samsung with respect to any possible offer to purchase BlackBerry. BlackBerry’s policy is not to comment on rumors or speculation, and accordingly it does not intend to comment further.
And here’s a clue as to why it was said so quickly.
Let’s be fair, this story came from SOMEWHERE.
The problem is that, as we outlined earlier, the very idea of BlackBerry being so weak as to drag Samsung out of their hole right now is ludicrous.
But there’s more…
In an interview on BNN on 3rd November 2014 John Chen said that $15 per share (the top end of what Samsung are reported to have offered) for BlackBerry was ‘way undervalued’…
John Chen 3rd Nov
So, smoke and mirrors?
Market manipulation?
Samsung testing the waters?
Who cares?
Imagine an offer of $13 per share a year ago? 2 years ago? How quickly that would have been snapped up?
Today they say NO.
BlackBerry is a LOT stronger than some people seem to think.
And the likes of Samsung are a lot weaker.
Welcome to 2015.
Welcome to the year of #BackToBlack
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![blind_toppick_crop](https://utbblogs.com/home/bradu25/public_html/wp-content/uploads/2015/01/blind_toppick_crop-300x190.jpg)
Shortly after two financial analysts got done flogging BlackBerry (BBRY) back into submission this week, in fact about seven hours after Baird analyst William Power lowered his price target to $9, the stock shot up dramatically from $9.69 to 12.60. A 29.71% climb within a half hour as if to show him just what he is full of. Oops.
![Clip_edit](https://utbblogs.com/home/bradu25/public_html/wp-content/uploads/2015/01/Clip_edit-300x203.png)
Why $9 ? Mr. Power apparently has the power to see into the future far enough to tell us that the Classic just won’t provide the expected revenue. Expected by who? That is the manipulatable variable isn’t it? Set a high expectation to assure a disappointment when revenue does not meet “expectations” and you can assure a drop in stock price.
What happened? Analysts have consistently underestimated BlackBerry’s tech portfolio, just patents to begin with, but apparently Samsung sees the value of the company. And that value appears to be $7.5 Billion.
![oops](https://utbblogs.com/home/bradu25/public_html/wp-content/uploads/2015/01/oops.png)
A little red in the face Mr. Power? And what about you our old friend Mr. James Faucette of Morgan Stanley? Why, wasn’t it just the other day that you put on your blinders and took a narrow view of the company’s potential:
“BlackBerry was at or near the top in several categories like “No plans to evaluate,” Mr. Faucette wrote in a report on Tuesday, adding “hardly the indication of burgeoning interest” to support the company’s share price.
I wonder how those poor sheep who sold after listening to Mr. Faucette last week and Mr. Power just today are doing right about now? How’s the pit in the stomach feeling? Next time if you want to be informed about investing in BlackBerry? Stay tuned to UTB.
Analysts look at numbers, they don’t seem look at potential, they act like they can predict the future with certainty, so the blind investors follow right along with what they say as if at a tennis match.
Sad really.
UPDATE:
Samsung offer may be just a rumor. Further evidence of the investor sheep mentality.