BlackBerry Ltd T.BB

From: tpanikorn at ST

[dwolfenson]

$BB $BB.CA : How to value our BB's worth? About this time last year a friend told me that there was a foreclosed property next to ours and the bank just asked for their money back. I didn't have cash to buy but I negotiated with them to put deposit down. They agreed. I could sell the unit for 50% profit but I know it's worth more. The bank is not in the real estate business. Even though 4 year ago they approved the mortgage based on the value of the unit at 70% higher than what's owed to them they still wanted to sell it. It's no good to have NPL on their book. Other units next door are valued at least twice what the bank wanted. So it's a "no brainer" for me. Now look at BB, all our peers are valued at least 2-3 times higher with less growth potential. Short term investors don't care about our future. Fund managers don't want our shares due to "no good reason" yet. So it's a "no brainer" to me. I'll sell the unit at the same price as our existing ones. No brainer Bullish