Blackberry has lots of value.With no cash and Debt, this company is very solid and the perception that it is
in trouble is created by Management itself.
The rapid amount of recognitions and write downs, like goodwills, revenues ,Inventories, etc
contributed to the book value being down, but still the B/V is way above the $9.00 offering price.
The many delays of launches,silence periods, leaks to Media and Analysts contributed also
to the Stock price falling at these unbeleivable cheap prices.
The write downs upfront are to yield higher profits and Revenue later. Yes we as Shareholders
are bearing these losses, and afterwards the gains will be reaped by the new Acquirer.
Remember, if this Company is in any trouble, they can borrow iff needed not sell the Company
They are not even selling the Company, but giving it away in a hurry.
Is this in the best interest of Shareholders !!