http://blogs.barrons.com/techtrader...-shares-halted-pending-news/?mod=yahoobarrons probably either a buyout offer or something similar. at any rate expect a lot of volatility once halt is lifted..
yep, hahahaha. i wasnt long or short, just thought it would be a good opportunity for lots of volatility in it
it's an interesting one, if BBRY liquidated right now it would be worth 18 a share, but the problem is they keep bleeding all the assets they do have. They should just go out of business and cut everyone an 18$/share dividend and call it good. Looks like they will just slowly bleed whatever value they do have (think its about $8b? market cap is currently like 3.6B after this 20% drop) but if they keep losing a billion a quarter....ouch.
where are you getting this mythical 18 dollars a share? If that was the case Gordon Gekko would buy BBRY right now, liquidate it and sell assets off like he did with Blue Star.
http://business.financialpost.com/2...ly-worth-more-than-keeping-the-company-alive/ Is one of many articles. Obviously I havent looked at BBRY's books myself so I guess its all open for interpretation. But it's pretty widely accepted that their liquidation value is higher than their current market cap. The problem is they are burning through 1B of their liquidation value on a quarterly basis. http://finviz.com/quote.ashx?t=bbry&ty=c&ta=1&p=d Is where I got $18 book value/share
Haven't looked at this one for months. If it stays above 6.00 next two weeks I'll be loading up on cheap leap calls 10 strike