RE:Random thoughts on patent sale You lost me at RBC and "G&M is helping BB out with a number that's either accurate or lowball.".
Their job is not to position a compnay one way or another. It's their job to report facts. And when they don't have facts, use available information ($250M/yr IP revenues and growing) and multiples to infer a logically supported value for the patent porfolio.
$450M is a bull-S**T number and eveyrone knows it.
Once a source lies (on purpose), disregards facts OR doesn't do even a small level of due diligence, they lose all credibility.
Analysts and G&M have ZERO credibility and should not be trusted with regards to $BB valuation.