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the release of bad news stories and increased shorting activity are coordinated. Do you think the shorters will attack unless there is a bad news story just came out?
The shorters know that the media will quickly look for a story to attribute to the cause of the down draft. They bank on the media to do this since they want the media and readers to give credence to the reasoning of the shorters articles. If the share price drops and the article has just appeared then the article must be true. Ipso Facto !
But these shorter reports are not true and it still costs the shorters more money each time they try to bring the price down. In fact they dig their own grave deeper each time.
Blackberry is executing. Z10 sales remain strong, Q10 sales are much more than expected. The R10 sales are gearing up for this summer. Profit margins are increasing as sales move from OS 7.1 sales to BB10 sales. BES 10 sales are gearing up in the corporate world and this will include some very lucrative service fees. Even the Secure portion of BES 10 will be available later this month to handle securing Android and Apple phones in corporations running BYOD shops. More and more of the main applications are being delivered on the BB10 platform.
The games shorters are playing are becoming less and less effective as the media and broader reading audience learns their tricks and as investors stop panicking and selling off into these attacks. Fewer stop losses are being placed which makes it all the harder and more expensive for the shorters to push down the price. The share price will bounce back more quickly now.
This is a game that can only end badly fro the shorts.
you can expect those firms like Canacrap, Pacific Crest, Wedgey, etc to continue to play these minds games for the next while. Outside of quarterly reports when actual profits and sales numbers come out, these guys will have the latitude to make up an opinion and express it to the media. Then all the "IT tech blogs" and IT trade rags will run with it so they can stay in the good graces of Apple or Samsung when it comes time for access to new apple or Android products.
BB just needs to keep executing. Sounds like after Q10 is rolled out, the R10 will be quickly on it's heels for the middle priced market.
JFF7
it's a bizarro world....down is up and up is down. Tough to make money in these types of markets....at least the resource / mining sector.
JFF7
You can't go by the cost figure provided in your discount broker web trading software. You have to track your own costs (ACB) by yourself to get accurate figures.
The cost figures you see are distorted because you entered back into the stock before the system had a chance to clear the cost info from you previous position in BBRY. So what you end up with is a distorted cost. The only way it is accurate is if you let the entry from you first position be cleared (a couple of days usually?) after you have sold. IF you nuy a position and then start buying and selling part of that position, the cost basis just gets more and more distorted with each sale. This is true of most software used by investors utilizing self-directed brokerage accounts.
JFF7
I wouldn't guarantee that. The US environment is quite different. A lot less BB phones around and the name is still viewed in some quarters with some disdain. BB10 has to get a foothold in the US first and then word of move will sell the phone...it is a good one and iPhone users are looking for something new. Enterprise customers and keyboard enthusiasts are the foot in the door. Marketing ramping up but I would not be surprised to see sales take a while to get traction in the US much like the window phones.
Just remember that is Blackberry was to only retain a small portion of the market (niche player as the critics like to say) and end up as 3rd or 4th player, the stock will be worth 20-25 dollars.
IF BES is as profitable as some say that as could get it to 20-25 dollars by itself.
If you get both of these things, you get into the 30-40 range.
If sales are a big success and start taking some iPhone and Android share, you go higher yet.
Big picture.
JFF7
Not hard to remain optimistic....just keep the big picture in mind and remind yourself of the good reasons of why you originally bought the stock.
BBRY has the rollout out of the Q10 in Canada and the US and the rest of the world. a good quarter will be reported at the end of June. And an even better one after that. BES sales should start to kick in (this could provide more profitability than the sale of the phones if you believe some of the analysts). More devices in the mid tier will rollout before year end. More apps will be delivered for the BB10 platform as they realize how many sales there are of BB10. Will probably get something different at the end of the year in terms of devices.
Life is good. enjoy it.
JFF7
its the weak hands that play into the shorts hands
everyone makes their own decisions though. When you do, that's when you start making money.
I did not sell. But I also do not have as many shares as I wanted. Still waiting for the opportunity to raise money by selling something else.
No ride is straight up. most of the smart long money will trade around their core positions. Take 10-25% of your position and sell when you see a pullback starting and then rebuy lower so that you are lowering your overall cost base. Watch the 30 day rule though if it is in a margin or cash account. No losses allowed if your rebuying within 30 days. all your doing is adjusting your ACB.
On a quick moving stock like BBRY, try to get back in quickly (within hours) if you do sell some traders. I personally don't sell traders on BBRY unless I am sitting in front of the screen with my finger on the buy button.
JFF7
mornings of the fed meeting are usually pretty quiet. Low volume as everyone wait for fed announcement. Market does not usually go far in either direction on mornings like this.
JFF7
if the general market pulls back, watch for the shorts to show up on the board in force. Waiting on feds comments and general market reaction.
JFF7
Good start.
JFF7
we're at the flex point now. All the hard work has been done.
Shorta are about to pay for their large position.
BBRY option traders are heavily favoring a move to the upside and predatory Hedge funds are positioning for making the large short position pay.
Recall of all those borrowed shares are occuring soon in preparation for AGM voting which is based on ownership as of mid May.
BB10 launching around the world.
May conference where BBRY will talk about future plans.
Loooking goood !
JFF7
First off, the shares are going up at a very nice rate of about 10-15% a week which is fabulous. A person can get rich on that rate very quickly unless you have very little capital to invest while it is doing this. Wealth isn't usually built by owning a little bit of stock only a few days when it rises 10-100% a day. It is accumulated by stringing together a few good investment like Blackberry in a row without suffering any major losses in between.
If you wondering about a big day for BBRY might occur, it will most likely occur when enough pressure builds on the shorts and buying steps in to panic the shorts (not easily done) or when some financial results are announced that inspire a flood of new investor money to enter the market for BBRY.
Either way, enjoy the daily moves up. Added together they represent a very nice gain and more significant pressure on the shorts building to that spike day that you are so looking for. Try to find a safe way to be aggressively patient.
JFF7
V.INA Go-time yet?
I' ve got the feeling that most of the market is ready to roll with INA but there is some large holder(s) out there that still has some selling or accumulating to do. When they are ready, then we get the nice move. Hopefully their hand will be forced by some production rate news in the near future.
JFF7
Misek even refutes the earlier claims by other short supporting analysts who were raising questions about production levels. Misek says production levels remain high and that their channel checks indicate that sales remain strong over the last two weeks.
Shorts on the run !
JFF7
"Our checks indicate Z10 sales in Canada, U.S., and UK remain steady with no excess inventory or return issues," writes Jefferies' Peter Misek,
http://www.thestreet.com/story/11907798/1/blackberry-facebook-sina-tech-premarket.html?source=email_rt_mc_body
SA is not an organization that acts and publishes with one mind. It is a place where investors go to write articles to support their investment decisions or thoughts and where some of them do so on a professional basis (they get paid for the number of reads and additionally on a per written article basis.
The number of positive articles on SA simply demonstrates the change of investor sentiment towards BBRY. End users of the phone are tired of the iPhone / Android in-out application paradigm and are looking for something new. Blackberry provides that user experience with a gesture-based multi-tasking user interface. Sales are gaining momentum.
Remember, the trend is your friend.
JFF7
It starts as a trickle and pretty soon its a roaring stream. Apple is down 40 % and still falling.
Have a great day!
JFF7
I don't really agree about the need for volume at least in the first part. Steady medium volumes is what is needed with less volatility. This would represent more longs moving on board and moving the price up slowly (actually quite fast by most stocks standards....say about 5-10% a week). That would put the squeeze on shorts slowly and result in a hard short squeeze after a few weeks of pain.
Lots of volatility at these levels right now would just attract the momo players. The volatility and the momo players getting out would be the opportunity the shorts are looking for to get out.
Best approach is to slowly turn up the heat and cook 'em slowly before they realize what is happening.
Just my opinion.
JFF7
april fools joke
I think I am in your camp Calosc......management was able to get a mine up and running in the middle of the jungle. No easy job. Feather in their cap. Also faced a lot of native opposition on and off and that won't go away. Mining is a dirty business and operating in a pristine forest won't go unchallenged.
That said, PTQ has the Panama political power behind it right now and those with money in Panama want it to succeed. Maybe the same can be said for Spain. Too soon to tell but alot of the right signs are there. PTQ success wouldn't happen without that backing. This gives PTQ management a lot of aces up their sleeves. Still the mining business in Panama will not be a easy road.
Most gold miners are down as much as PTQ so I have to assume that the share price is out of their control. When gold miners in general start to reap the rewards and that is reflected in the share price, PTQ should be among the better performers. I will never expect great company performance from PTQs management though.
Have a great weekend all.
JFF7
More on BBRY shorting from Seeking Alpha - by George Kesarios
http://seekingalpha.com/article/1375411-blackberry-short-sellers-are-still-mostly-in-the-red?source=email_rt_article_title
BlackBerry Short Sellers Are Still Mostly In The Red
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. (More...)
Lady space, you better wake up fast
Countdown is comin' on
Take a rocket ride
The gravity that used to hold you down
Just don't exist no more
Take a rocket ride
(*Lyrics from Rocket Ride - KISS, 1977)
Another NASDAQ short interest report and another new all-time high for the number of BlackBerry (BBRY) shares that have been sold short. I mean we are so used to seeing higher numbers for BlackBerry shares sold short that if we see a decrease in short interest, we will probably be astonished.
As the data from NASDAQ shows, as of 4/15/2013, the total number of BlackBerry shares that have been shorted number 165.3 million. That's up by about 10 million from the previous settlement date. The total short interest in BlackBerry shares currently stands at around 32% of total shares outstanding.
The interesting thing about BlackBerry short sellers is that they are going against the trend. I have the utmost respect for long-term strategic short sellers, but only when they go with the trend.
Let me explain what I mean.
The first chart shows the short interest in BlackBerry shares from 6/29/2012. The chart below that shows BlackBerry's stock chart (data from Yahoo) during the same period. In other words both charts start from 6/29/2012 and end today.
As you can see, with the exception of shares shorted in mid-January, the beginning of February and just a pinch towards the end of March, all other shares that have been shorted in BlackBerry during this time period are in the red.
And when I mean in the red, I mean it literally. The lion's share of BlackBerry shares that have been shorted as of June 2012 are losing money. In fact the shares that were shorted prior to 2013 are bleeding very bad (assuming of course that they have not covered).
So what will all these short sellers do if the stock goes to $20? I have no idea, but if history is any guide, we will probably see even more short interest in the stock. And what exactly are all these short sellers expecting to gain, when some of the biggest Wall Street firms have a price target for BlackBerry shares even above $20? I really don't know.
What I do know is this: any attempt to cover these shares will push prices much higher. And as far as I'm concerned, that can happen any day for any reason -- or even for no reason at all -- with or without a catalyst.
So while short sellers can continue to short the stock to their heart's delight, my take is that they will continue to bleed and be in the red, until either their broker calls them up to cover margin or forcefully covers for them.
Shorts and the media - interesting Seeking Alpha article by Collins
"Did Barron's Just Pull A Forbes On BlackBerry?
Disclosure: I am long BBRY. (More...)
Today, in the middle of a progressive short squeeze for BlackBerry (BBRY), rampant selling appeared out of nowhere to drive the stock price down. What was the awful news? No one knew.
Bear raids are illegal. Selling stock for the sole purpose of driving the price is outright manipulation and a banned activity in most capital markets. Basically, if you are going to sell the hell out of BlackBerry, you need a reason to do it, otherwise you could get investigated. You need a cover story.
Shorts - Using Obscure Analyst and Tech Media Editors for 'Cover'
I wrote an article for Seeking Alpha last February that described in detail how this fraud is perpetrated "BlackBerry And Forbes: Battleground Stocks And Headline Risks". In this article, I showed you the symbiotic relationship between Brian Blair of Wedge Partners and Eric Savitz at Forbes (Savitz's since left Forbes). In that article I showed you, without any doubt, how Blair had expressed an 'opinion' and Savitz turned that into a horror headline that was used to "paint" BlackBerry during a bear raid. Suddenly, Brian Blair's 'opinion' became a statement of fact courtesy of Forbes.
You see, shorts cannot just sell out of the blue to cause a panic for no reason; that would be a bear raid. As a workaround, the shorts in the BlackBerry battle use small, lesser known, analysts as their PR flack, their cannon fodder. They are not really analysts. Yet why is it that when Brian Blair puts out a report, it gets picked up used to make helter-skelter Halloween headlines… out of what are simply his opinions! Yesterday's horror was nothing but his 'estimates' again:
"We believe BlackBerry has trimmed their production expectations for the Z10 for the remainder of calendar year 2013. We estimate that the company may have trimmed Z10 production units by 4-6 million units for the year. If accurate..."
This is just a replay of last month's Forbes fiasco but with Barron's tech desk doing the heavy lifting through Tiernan Ray. (Forbes has revamped its editorial tone since Savitz left and these gents can't find much air time there). Ray just re-printed large quotes in their entirety without caring to comment or even think about what he was doing. In fact, he never questioned the source of the information. Compare Barron's coverage to Bloomberg's coverage (Professional journalists):
"The company may have cut 4 million to 6 million units, Brian Blair, a Wedge Partners analyst, said today in a note, without saying where he got the information."
Those journalists pointed out quite clearly that there was no stated fact behind these "thoughts" conjured up by Wedge Partners. How a little known analyst can conjure up a "thought" and turn it into a fact that, with Barron's help, wipes hundreds of millions of dollars in market cap from BlackBerry is beyond belief. Only in America can such journalism still exist.
The BlackBerry shorts feed the journalist who, knowingly or not, help scare people and provide a "cover" for the bear raid. Tiernan Ray's second quoted analyst is a short favourite and a man I've pursued with great success in the UK: Pacific Crest's James Faucette.
The UK Guardian newspaper ran a story largely quoting James Faucette concerning BlackBerry's failing to pass intelligence services new security checks.
http://m.guardian.co.uk/technology/2013/mar/19/BlackBerry-software-not-safe-enough-government-work
Oh I'm sorry, is the link broken? That's because the story was a sham. The title misled and let people believe BlackBerry had failed a test, when in fact the test had been revamped and scheduled for summer 2013. So yes, while it was true that BlackBerry was not certified for the new system, it had not failed as no one had passed. Hilarious! I called the UK Government Security desk that morning and managed to have them put out a statement in an hour refuting this. They did it and I shopped that to The Guardian and threatened them with a Press Complaint if they didn't pull the story. They pulled it immediately after I told them about Faucette and the pain of sister newspaper the UK Telegraph was already going through because of another of James Faucette great stories…
Oh yes. Him again. Remember the "UK Price BlackBerry Slashing Story"? Well I've had a bit of back and forth and the Telegraph has already largely redacted the story but refuse to retract it. Now it's going to a formal inquiry. (Please feel free to contact the UK press complaints office and voice your support here.) The only defence I seem to have gotten from the Telegraph legal department was that it was not their story as they were just working off a story from…you guessed it…Tiernan Ray at Barron's! Wunderbar!
The question that needs to be asked now is who is organizing such a well-oiled PR machine? Who has the power and reach to mount such an attack?
Rumours have Suggested Maverick Capital amongst the Prominent Shorts; I Think It's Not True, Here's Why:
As a writer on SA, I hear lots of rumours. Currently speculation and rumours have only conjured up one name, Maverick Capital run by Lee Ainslie III. Now he is one of the smartest and shrewdest investors out there and he has amassed $10B Fund. Pas mal? I'm sure he is not the gentleman behind the short position here.
Maverick would certainly refute such innuendo. This hedge fund and its investors are from such a high pedigree that they would never willingly be associated in the activity above. There are many shorts, who knows who has organized this media machine? Maybe Maverick will reassure their investor base that they are not short BBRY and that these rumours are false? Lee is one of the most admired investors in the world and would never be associated with this trade.
What Should Investors Do Here?
1. You are getting a heavily discounted and manipulated stock at sub $15 that, without the shorts stepping on it, would be about $18 now. Lucky you.
2. Understand that just because an article is posted online in a WSJ property like Barron's, it doesn't mean it's based on one iota of fact or truth, as so many financial and tech editors have proven to be lazy, or outright misleading.
3. Protect yourself against the media. Think for yourself and question 'authority.'
Additional disclosure: I am fed up with unfettered manipulation and market abuse"
http://seekingalpha.com/article/1375341-did-barron-s-just-pull-a-forbes-on-blackberry?source=email_rt_article_title
yes this was a coordinated short attack. Pacific Crest analsyst came out with some more of his "checks" and expressed his "opinion" again (always on the short side). Wedge "coincidentally" also came out at the same time with negative comments. Additionally there was a short selling attack.
http://seekingalpha.com/currents/post/970281?source=email_rt_mc_readmore
They managed to halt the price increasing for now but these attacks are having less and less impact. Each time they attack, they at to the pile of short interest. For every dollar BBRY goes up, it costs they another 165 million dollars. It is getting very painful for them.
JFF7
sometimes after hour transactions can be used to settle up on the days tradings. Someone does the buying of the shares during the day and at the end of the day distributes the shares to the actual accounts it is intended for at the average cost of accumulation. This can be between firms or within the same firm.
Simple rule is don't try to make sense of after hour individual transactions, they can occur for a vast variety of reasons.
JFF7
Will the BlackBerry Q10 be a brand new cash cow?
By Chris Umiastowski on 23 Apr 2013 12:01 pm
BlackBerry has come a long way in the last few months. The company is finally back on the market with a full touch phone, the Z10. And what an awesome device it is! The new BlackBerry 10 OS is smooth and beautiful. The app store is starting to resemble something competitive. The company has announced its largest order ever, for a million BackBerry 10 devices. And in the first quarter of partial availability (not counting the US market), they sold about a million Z10 devices.
Not too shabby!
But the fact remains that the vast majority of BlackBerry owners are using an older device that sports a plastic keyboard. That number isn’t a small number either. Excluding any Storm devices that are still alive, and any of you using the all-touch Curve, we’re probably talking about 73-74 million BlackBerry users who pound away on a real keyboard.
Anecdotally, I’ve run into a lot of people who claim to be waiting for the Q10 to hit the market. Yes, the vast majority of the smartphone market prefers an all-touch device. But the market is huge, and it is probably safe to assume that people who have stuck with BlackBerry have done so, in large part, because they want that physical keyboard.
So if BlackBerry can sell one million Z10 devices in Q4, without even benefiting from any US sales, what does it say for the potential Q10 sales volume? I think it’s pretty clear that volume will be way higher.
AFTER ALL, THE Q10 WILL BE THE BEST PHYSICAL KEYBOARD DEVICE ON THE PLANET. NO QUESTION.
When the BlackBerry launch event happened on January 30th, I was at the Toronto event. During the live demos, in the presence of many other people (so this was not some secret conversation), I asked about Q10 pricing. I was not given a number, but instead told it would be “priced for volume”.
I think BlackBerry knows that the Q10 will not only sell well to consumers who prefer keyboards, but it will be the new corporate work horse device. It’s specs are essentially the same as the Z10, so its bill of materials should be similar. My bet is it costs a bit less to make because it has a smaller screen, partially offset by more complex plastics (to accommodate the keyboard) and a larger battery.
I believe BlackBerry will be very willing to price the device aggressively enough to sell bus loads of these things, yet still earn a very fair margin. After all, the Q10 will be the best physical keyboard device on the planet. No question.
The timing of the Q10 is also good. BlackBerry 10.1 software should be hitting the market soon. Probably sometime in May. The expectation is for this maintenance release to include more security features that large corporations expect in order to commit to deployment in a corporate liable scenario. Remember that some companies let employees bring in their own phones. That’s called “employee liable”. But the old model of deployment, corporate liable, is still very common in large organizations, and in particular, the large companies that hand out BlackBerry devices and have BES servers installed.
So the release of 10.1 software is probably essential to cracking the upgrade cycle in the corporate world.
Our best guess is that the Q10 will hit some markets, such as Canada, before 10.1 software is officially released. This will help create some hype for the device. Then, we imagine BlackBerry Live in Orlando (May) is when we’ll get some official news about the 10.1 release, which is probably scheduled for that same month. So when the Q10 hits the USA, we’re hopeful that it will ship with the latest software to please the business market who still issues corporate liable hardware.
Chatting with a friend of CrackBerry recently, it was suggested to me that the market doesn’t get how important the Q10 is. If BlackBerry can sell over a million Z10s in the first couple of months, excluding the US market, then the Q10 should be thought of as a Z10 with a multiplier in front of it. One million Z10s probably means several million Q10s.
I think the comment was dead on. I just hope BlackBerry is prepared to the rush of orders. This is quite possibly the company’s new cash cow, for the next couple of years.
Seriously - who’s going to want to run a Bold 9900 once the Q10 hits?
http://t.crackberry.com/will-blackberry-q10-be-brand-new-cash-cow
3 Times Better Than The Competition?
By Chad Henage - April 23, 2013
Chad is a member of The Motley Fool Blog Network -- entries represent the personal opinion of the blogger and are not formally edited.
I can't even count the number of times I've been wrong in the stock market. However, I try to remember what Peter Lynch once said. He said you'll never be right 100% of the time, but even if just 60% of your picks go the way you expect, you can be successful. I read a lot of earnings reports, and with each one I try to keep an open mind. With BlackBerry's (NASDAQ: BBRY)recent earnings, I find myself in the strange position of suggesting this company has a chance to be a decent investment.
What's Past Is Past
Adopting a “be here now” attitude with each earnings report is sometimes difficult, as I honestly hate being wrong. That being said, my disdain for BlackBerry shouldn't be a secret. The company's refusal to accept that customers wanted a good touchscreen phone was baffling. BlackBerry's slow time to market with BlackBerry 10 frustrated even the most fanatical fans. However, as they say, time heals all wounds, and there are several positives in the company'scurrent earnings.
I've heard the argument before from BlackBerry investors that their company doesn't have to take market share, but instead they need to make sure they produce good results on a global scale. The theory is, a company might lose market share because some of their competition is growing faster, but this doesn't mean they aren't growing.
Finally!
I'm not here to debate the merits of the BlackBerry 10 system or smartphones. What I will say is, now that they are finally here, buyers can now make their choice. Apple (NASDAQ: AAPL)seems to constantly be dealing with this product anticipation issue. Customers aren't dumb, if they know that the iPhone 5S or 6 will be out in just a few months, they aren't likely to run out and buy the existing model. Microsoft (NASDAQ: MSFT) saw this happen at the end of last year, with the release of Windows 8 creating a slowdown in Windows Phone purchases.
It is particularly important that BlackBerry is able to at least hold serve in market share now that their latest products are beginning to hit the market. Last year, BlackBerry held a 4.3% global market share. While this doesn't come close to the 75% market share for Google's (NASDAQ:GOOG) Android, or the 14.9% market share for iOS, it was still good enough for third.
That being said, BlackBerry has to watch its back, because Microsoft increased its global market share from 1.2% to 2% over the last year. This 2% doesn't sound like a lot, but this represented a 140% increase in shipment volumes versus a 34.7% drop in volumes at BlackBerry.
Why Could Third Place Be Just Fine?
The first reason to consider BlackBerry is, the sheer size of the smartphone market means even the third and fourth biggest players should be able to do very well. According to IDC research, in 2013 there may be as many as 301 million smartphones sold in China, 137.5 million in the U.S., 35.5 million in the U.K. and 444 million in other parts of the world.
This research actually plays pretty well into BlackBerry's strengths, as the company's sales come from areas other than China and the U.S. In fact, in the current quarter, BlackBerry got the lions' share of sales from Europe, The Middle East, and Africa.
Of the 444 million smartphones expected to be sold outside of China, the U.S. and U.K., if BlackBerry took just 4.3% market share, this would equate to over 19 million smartphones. If we add in the same market share in other parts of the world, this adds another 20.38 million. With a potential total of over 39 million smartphones to be sold, this would work out to almost 10 million a quarter. Considering BlackBerry shipped 6 million in the last three months, this would represent a significant increase.
They Do These Two Things Better Than The Competition
In the field of technology, one thing that has been proven over and over again is companies that spend on research and development generally prosper. This gives us a second reason to consider BlackBerry. The company is outspending their competition on R&D.
Some have argued that Apple's recent stock decline is in direct correlation to the company's relatively small expenditures on R&D. Theoretically, lower R&D spending means less innovation. In the company's current quarter, Apple spent just 1.85% of revenue on R&D. By comparison, Microsoft spent 11.78%, Google spent 13.30%, and BlackBerry led the way with 14.3%.
The third reason to consider the stock is, the percentage of cash and investments relative to BlackBerry's market cap. is nearly absurd. At current values, Google has the lowest percentage of cash and investments to market cap. With about $46 billion in cash, versus a market cap. of about $257 billion, 18.12% of Google's market cap. is the cash and investments on the balance sheet.
Both Microsoft and Apple have a high percentage of cash to market cap. at about 28% and 37% respectively. However, BlackBerry beats them all with a percentage of 40.1%. While investors could ignore this high percentage if the company was burning through cash, last year BlackBerry produced $1.89 billion positive free cash flow.
BlackBerry finally has released BlackBerry 10 and the company doesn't need to be number one or two to be a good investment. With management spending on R&D and a ton of cash on the balance sheet, the stock looks poised to outperform. In the end, I have to change my tune on BlackBerry. The company might not be the best in the smartphone business, but based on these numbers, the stock seems cheap at current levels.
http://beta.fool.com/mhenage/2013/04/23/3-times-better-than-the-competition/32006/?source=eogyholnk0000001
Read more at http://www.stockhouse.com/bullboards/messagedetail.aspx?s=BB&t=LIST&m=32493152&l=0&pd=2&r=0#VzFRtjOpyId8q0gr.99
R3D can be added to the list of shorts to ignore.
JFF7
yes they reduced their manufacturers over the last year (I think it was from 7 to 3) on their way to trimming 1 billion a year in costs. This was one of the key things that Blackberry did in order to right the ship. Yes it cost more than a few people their jobs but even more got to keep their jobs for years to come.
JFF7
The company and even Verizon have publicly stated that returns of the Z-10 are not out of the ordinary and the ordinary is usually a very small percentage of phones sold.
I would also bet that the majority of the small number of Z-10s being returned are by people that wanted to try the onscreen keyboard but discovered that they truly are addicted to the physical keyboard and will be spending even more money to buy the Q-10 when it is available.
JFF7
5 % mining royalty tax in Mexico?
I hope this doesn't start a trend. Its not like miners are making tons of money to keep them fully funded.
JFF7
I'd agree with most that Jal. In addition, in regards to the 2001 pricing equivalent, it is actually worse because the cash cost of producing an ounce of gold have probably double or tripled since then (even worse if you look at the all-in cost of producing an ounce of gold).
JFF7
It seems to me that the true price of gold is going to be increasingly determined by the price gold coins go for (official POG for an ounce plus premium). The premiums are getting a lot bigger lately on gold and silver coinage, if I am not mistaken.
JFF7
don't mean to be offensive in tone...but your blaming the company for having a bad marketing approach when in fact their marketing and release strategy have been great considering the headwinds they are dealing with.
JFF7
how can the company give a date if it is up to the carriers to release when they are finished their testing. BB does not set the carriers testing schedule.
JFF7
I need to make ore trading profits before I can buy more shares here. This selling should be expected. Selling leads to more selling. The ripple effects of the selloff of gold on Friday / Monday will be felt for a few more weeks as people look at their statements and sell their gold ETFs and hedge funds deleverage some more off gold. ETFs will continue selling to meet redemptions. All this selling will just be more smooth than Monday.
This gives PTQ more time to get their heap leach on stream and to get the loan in place and to start bring the spanish gold into production and reserves. PTQ wants alll things going well when POG breaks back up.
JFF7
I think recently it was running about 4 dollars above WTI (after a recent strong recovery).
no doubt market is worried about RPLs ability to continue divy rate. That is based on them no expecting RPL to maintain the decline rates they need to support divy.
Best hope is a quick sale of some of their assets.
JFF7
spring floods ahead....???? OJ on Investor Village board is shorting it and he is familiar with the area. For him to short is a strong statement. Just a warning. I won't bet against his opinion, especially if it is a strong one.
JFF7
sigh....as much as I think it is over done....the chart guy makes some sense..physical gold ETFs will face redemptions and more gold will have to be sold. Gold stocks will face the same pressures. I guess the time to get out of the way was on Friday ....once the downturn was confirmed.
any leveraged commodities or commodity stocks are going to face continued selling pressures.
JFF7
MJK....please stay out of the fishing pond...your scaring the fish away from my line.
JFF7
trading on emotions now. Technicals don't mean much when emotions are this high. Volume in PTQ is very light. Pick up what you can when you can.
Grab the most you can as you see the buyers start to come back in.
JFF7
don't worry Loj. POG will drop at most to 1420 but will probably find support at 1470. The hedgies being forced to liquidate their positions, ETF redemption covering sales and subsequent panicking by weak habds are what is behind the drop in POG. This will pass. The liquidation will pass.
If POG goes to 1420, we will get a chance to buy some PTQ in the middle 30s. If not, high 30s or even 40 cents will be the low point for PTQ shares.
All in my opinion of course.
JFF7