Is Prem Watsa the reason.....For those watching the sea of red that Blackberry has built its fortune on, maybe
a thought or two to hang your hat on. One can't stop thinking how the Watsa injection
of $500 million has jaw boned this stock at least until November. Chen stated the
debenture would be off the balance sheet with the future pay back. The agreement
stated no early redemtion would be invoked. You would think that PW would have
been satisfied with the additional 50 million shares had the BB share value blew through
$10 bucks US during the past four years. I'm not saying PW is greedy, but given todays
price....he stands to own approx 25% of the outstanding shares. Not bad considering
a FF/Watsa take-over could then be in the works. But naw....that can't be one of the
possible reasons why this stock is continually beaten down, with no comments from
management. And yes, I think Facebook has done nothing but make this easy for Watsa
to chew on.....
Rug 2000