Blackberry,the Company is fundamentally solid.Prem Watsa has 10% of BB shares and is willing to buy the company
out at $9.00 per share.
The news Media and Analysts are saying its worth less.
Are the other 90 %Shareholders believing these so called Analysts and Media
and will sell at $9.00 when the book value is over $16.00 today.
I don't think so.
This $9.00 buy out price is just a ceiling for allowing those Short Traders to cover low.
BB has lots of value.
Even on all these bad news, only the Services and Software Revenue was $812M
They are making over $3B annually, so why would they sell out the whole Company for a one time price of $2.1B (excluding cash).
Look at all the other values in the Company.
It sad that the CFO was writing off everything , that he can write off. But those writeoffs
still have tons of value that will show up later.
For instance all the goodwill writeoffs upfront, will have no writeoffs in the future
against the profits from those underlying assets.. only profits will show up.
The loss of the Revenue and Earnings now because of understating the shipment
will result in overstating in the future.
The big Inventory writeoff for Z10 now, will results in profits when those phones will be sold in the Future even at way cheaper price.etc
However the CFO needs to be replaced
Only my opinion.