BB - BlackBerry

[txlaw]

I have ACB between $16.50 - $17.50 in my notes.  I believe this is pretty accurate.

 

Ben

 

Yeah Ben, I think your number is close.  I think it dropped from the low 20's to your range when they bought that last tranche at $11 or so.  I believe they are not far from break-even now. 

 

Also, Txlaw & Smazz - re: Peter Burke CEO.  I don't believe he ever asked to delete posts.  It was Harry Long that you guys are thinking of.  Cheers!

 

Au contraire:

 

http://www.cornerofberkshireandfairfax.ca/forum/general-discussion/icahn-loses-big-on-lionsgate/msg72835/#msg72835

 

Post by Sanjeev:

Peter Burke messaged me and said that he did not feel this forum was the right venue to express himself, and if I can terminate his account and delete all his posts.  I did not boot him out, but obliged his request.  Cheers!

 

He definitely deleted his posts because I went back and forth with him a lot, and his posts are no longer there.

 

That's why I always quote people when responding to particular comments because posters will edit and delete posts after the fact, and sometimes the context of a response gets lost when that happens.

[benhacker]

AH,

 

Are you incorporating the massive loss on the total return swaps on RIMM that ORH held for a few quarters before swapping into the common?

 

No, if ORH / FFH held TRS not in proportion to their SEC reported shares, my numbers will be off.

 

Ben

[Parsad]

I have ACB between $16.50 - $17.50 in my notes.  I believe this is pretty accurate.

 

Ben

 

Yeah Ben, I think your number is close.  I think it dropped from the low 20's to your range when they bought that last tranche at $11 or so.  I believe they are not far from break-even now. 

 

Also, Txlaw & Smazz - re: Peter Burke CEO.  I don't believe he ever asked to delete posts.  It was Harry Long that you guys are thinking of.  Cheers!

 

Au contraire:

 

http://www.cornerofberkshireandfairfax.ca/forum/general-discussion/icahn-loses-big-on-lionsgate/msg72835/#msg72835

 

Post by Sanjeev:

Peter Burke messaged me and said that he did not feel this forum was the right venue to express himself, and if I can terminate his account and delete all his posts.  I did not boot him out, but obliged his request.  Cheers!

 

He definitely deleted his posts because I went back and forth with him a lot, and his posts are no longer there.

 

That's why I always quote people when responding to particular comments because posters will edit and delete posts after the fact, and sometimes the context of a response gets lost when that happens.

 

Sorry Txlaw, I should have checked.  Can't remember all of the posters who have been on here that have requested something of that nature!  ;D  Only Harry Long springs to mind right away.  Cheers!

[VAL9000]

thanks tx. I just saw his tagline as a weird, little honor. ;D

 

It looks like rimm never sleeps is no longer with us though.  :'(

 

 

He's still here. He renamed his account "wellmont" and changed his profile pic to Lou Mannheim from the movie Wall Street.

[Guest wellmont]

 

Are you incorporating the massive loss on the total return swaps on RIMM that ORH held for a few quarters before swapping into the common?

 

lol. probably not.

[Smazz]

I have ACB between $16.50 - $17.50 in my notes.  I believe this is pretty accurate.

 

Ben

You numbers are most likely more reliable/accurate then those I pulled from my memory.

[giofranchi]

I thought it was in the teens--didn't someone post it in this thread already?

 

I had posted the following:

 

Given they now own 51.9m shares of RIMM,  I believe their break even to be under $20. Does anyone have a more accurate estimate as at Q3?  Thanks in advance

 

nwoodman

 

From gurufocus.com:

 

Period        Bought/Sold (Sh.)  Qtr. End Shares    Avrg. Price        Gain (%)

2010Q3      +2,065,000            2,065,000            $50.14              -79.5%

2011Q2      +6,308,300            8,373,300            $43.59              -76.5%

2011Q3      +3,425,000            11,798,300            $26.61              -61.4%

2011Q4      +1,000,000            12,798,300            $18.88              -45.7%

2012Q1      +14,050,200          26,848,500            $15.05              -31.8%

2012Q3      +25,006,200          51,854,700            $7.22                42.1%

Shares Bought: 51,854,700 Average Price: $16.98/share -40%

Average Costs 51,854,700 Average Cost: $17/share -40%

Current Price: $10.26

 

giofranchi

 

Hope it helps,

 

giofranchi

[berkshiremystery]

RIM Gets 15,000 App Submissions For Its New BlackBerry Phone In One Weekend

2013-01-14

http://finance.yahoo.com/news/rim-gets-15-000-app-214417472.html

 

RIM held a "portathon" over the weekend where it offered a $100 prize to any developer who could port his or her app to BlackBerry 10 and get it approved.

There were 15,000 submissions, according to a tweet from Alex Saunders, RIM's president of developer relations.

 

----

 

By the way,... I just noticed that rimm never sleeps posts are gone,... are they...

 

 

 

[Guest wellmont]

rimm_never_sleeps was last seen trying to win $100 by porting an app to bb10.

[Uccmal]

I am quite impressed with the Cutzpah of Smazz, txlaw, and stahleyp, in sticking this thing out.

 

I hope Rimm will deilver the goods now.

 

I hold a small stake via FFh. 

[Guest valueInv]

rimm_never_sleeps was last seen trying to win $100 by porting an app to bb10.

 

That would explain the quality of the apps  ;D ;D ;D

[txlaw]

I am quite impressed with the Cutzpah of Smazz, txlaw, and stahleyp, in sticking this thing out.

 

I hope Rimm will deilver the goods now.

 

I hold a small stake via FFh.

 

Wasn't so hard for me, really.

 

I started buying around $14, after Mr. Watsa joined the board.  The thesis being that the substantial NAV I saw would be preserved instead of frittered away now that HWIC was involved.  A comeback was optionality for me -- the real key was determining run off/break-up value.

 

It was just a small position at first, but when the RIM stock price crashed, it became a punch card investment, with my taking common and LEAPS.  So far, I have a blended return on my common and LEAPS of well over 140%.

 

Now comes the fun part, though.  We finally get to see whether Wellmont and ValueInv was right about BB10 being DOA and RIM being in terminal decline.  If BB10 crashes and burn, those fellows are well within their rights to say, I told you so, and RIM sucks and AAPL and NOK are the best, or whatever. 

 

But let's see what happens.  I think as we've gotten closer to the date, and more and more info has come out, the likelihood of BB10 being DOA across the world has gotten slimmer, but we shall see.

[Guest wellmont]

I don't think the chances for bb10 gotten better at all. I think what you have is a well orchestrated pr plan to keep bb10 in the conversation, while there has been no substantive news at all. we will know a lot more in about a month or so.

[Guest valueInv]

I am quite impressed with the Cutzpah of Smazz, txlaw, and stahleyp, in sticking this thing out.

 

I hope Rimm will deilver the goods now.

 

I hold a small stake via FFh.

 

Wasn't so hard for me, really.

 

I started buying around $14, after Mr. Watsa joined the board.  The thesis being that the substantial NAV I saw would be preserved instead of frittered away now that HWIC was involved.  A comeback was optionality for me -- the real key was determining run off/break-up value.

 

It was just a small position at first, but when the RIM stock price crashed, it became a punch card investment, with my taking common and LEAPS.  So far, I have a blended return on my common and LEAPS of well over 140%.

 

Now comes the fun part, though.  We finally get to see whether Wellmont and ValueInv was right about BB10 being DOA and RIM being in terminal decline.  If BB10 crashes and burn, those fellows are well within their rights to say, I told you so, and RIM sucks and AAPL and NOK are the best, or whatever. 

 

But let's see what happens.  I think as we've gotten closer to the date, and more and more info has come out, the likelihood of BB10 being DOA across the world has gotten slimmer, but we shall see.

 

We'll also get to see if your theories on the cloud and M2M hold water. ;) ;)

[Guest valueInv]

I don't think the chances for bb10 gotten better at all. I think what you have is a well orchestrated pr plan to keep bb10 in the conversation, while there has been no substantive news at all. we will know a lot more in about a month or so.

 

It's funny how market schizophrenia validates value thesis these days.

 

I think we'll have to wait a year to know the fare of BB10. There will be some initial pent up demand.

[txlaw]

I am quite impressed with the Cutzpah of Smazz, txlaw, and stahleyp, in sticking this thing out.

 

I hope Rimm will deilver the goods now.

 

I hold a small stake via FFh.

 

Wasn't so hard for me, really.

 

I started buying around $14, after Mr. Watsa joined the board.  The thesis being that the substantial NAV I saw would be preserved instead of frittered away now that HWIC was involved.  A comeback was optionality for me -- the real key was determining run off/break-up value.

 

It was just a small position at first, but when the RIM stock price crashed, it became a punch card investment, with my taking common and LEAPS.  So far, I have a blended return on my common and LEAPS of well over 140%.

 

Now comes the fun part, though.  We finally get to see whether Wellmont and ValueInv was right about BB10 being DOA and RIM being in terminal decline.  If BB10 crashes and burn, those fellows are well within their rights to say, I told you so, and RIM sucks and AAPL and NOK are the best, or whatever. 

 

But let's see what happens.  I think as we've gotten closer to the date, and more and more info has come out, the likelihood of BB10 being DOA across the world has gotten slimmer, but we shall see.

 

We'll also get to see if your theories on the cloud and M2M hold water. ;) ;)

 

We will.  Generally, and with respect to RIM's assets.  Of course, it will take some time for things to play out.

 

Funny how M2M and the Internet of Things has become vogue all of a sudden, though.  No quotes from Techcrunch and other tech blogs on those developments? ;)

[txlaw]

I don't think the chances for bb10 gotten better at all. I think what you have is a well orchestrated pr plan to keep bb10 in the conversation, while there has been no substantive news at all. we will know a lot more in about a month or so.

 

Yes, we'll see. 

[txlaw]

I don't think the chances for bb10 gotten better at all. I think what you have is a well orchestrated pr plan to keep bb10 in the conversation, while there has been no substantive news at all. we will know a lot more in about a month or so.

 

It's funny how market schizophrenia validates value thesis these days.

 

I think we'll have to wait a year to know the fare of BB10. There will be some initial pent up demand.

 

On the contrary, price action has nothing to do with the value thesis -- although you wouldn't know it based on some of your previous posts. 

 

I hope you're buying up a bunch of AAPL right now.  I may join you at some point.

[Guest wellmont]

I don't think the chances for bb10 gotten better at all. I think what you have is a well orchestrated pr plan to keep bb10 in the conversation, while there has been no substantive news at all. we will know a lot more in about a month or so.

I think we'll have to wait a year to know the fare of BB10. There will be some initial pent up demand.

 

It's funny how market schizophrenia validates value thesis these days.

 

 

yeah but we will learn a lot based on reviews of the software and ecosystem within a month. :)

at which point there will be something real for traders to contemplate.

[Guest valueInv]

I don't think the chances for bb10 gotten better at all. I think what you have is a well orchestrated pr plan to keep bb10 in the conversation, while there has been no substantive news at all. we will know a lot more in about a month or so.

 

It's funny how market schizophrenia validates value thesis these days.

 

I think we'll have to wait a year to know the fare of BB10. There will be some initial pent up demand.

 

On the contrary, price action has nothing to do with the value thesis -- although you wouldn't know it based on some of your previous posts. 

 

I hope you're buying up a bunch of AAPL right now.  I may join you at some point.

Yup, buying more today, waiting for the FB announcement.  Hope to buy a big bunch if they miss earnings .

[valueorama]

Given that we are talking about blackberry. Here is something fun.

 

QNX in Bentley.

 

It is simply awesome. Not a major profit center, even in a mature situation. As people dont cycle through cars as they do with cellphones.

 

 

 

Valueorama.

[Viking]

RIM traded at $7.52 the end of Sept and $11.80 the end of Dec; increase = $4.32 x 52 million shares held by FFH = $200 million / 20 million FFH shares outstanding = $10/share increase in BV

 

Since Dec 31 RIM has increased another $2.50 which = $5.00 increase in BV.

 

My point is should RIMM deliver a decent product the end of the month FFH investors will benefit greatly.

 

FFH also looks to be in a nice position with its large Resolute investment. Should US housing continue to improve and lumber pricing continue to firm RFP will benefit; it will not take much of an improvement in the business to move the stock significantly which in turn would have a material impact on improving FFH book value.

 

I like FFH primarily because insurance pricing is continuing to firm. Large increases in the share price of RIM and RFP would simply be icing on the cake.

[A_Hamilton]

RIM traded at $7.52 the end of Sept and $11.80 the end of Dec; increase = $4.32 x 52 million shares held by FFH = $200 million / 20 million FFH shares outstanding = $10/share increase in BV

 

Since Dec 31 RIM has increased another $2.50 which = $5.00 increase in BV.

 

My point is should RIMM deliver a decent product the end of the month FFH investors will benefit greatly.

 

FFH also looks to be in a nice position with its large Resolute investment. Should US housing continue to improve and lumber pricing continue to firm RFP will benefit; it will not take much of an improvement in the business to move the stock significantly which in turn would have a material impact on improving FFH book value.

 

I like FFH primarily because insurance pricing is continuing to firm. Large increases in the share price of RIM and RFP would simply be icing on the cake.

 

Don't forget to account for taxes on RIMM. They'll need to establish a reserve for unpaid taxes on the gain...

[stahleyp]

I am quite impressed with the Cutzpah of Smazz, txlaw, and stahleyp, in sticking this thing out.

 

I hope Rimm will deilver the goods now.

 

I hold a small stake via FFh.

 

thanks, al. I figured with no debt, a nice pile of cash, patents buildings and everything that liquidation value was worth more than the share price. If they could somehow figure it out, well, then it could be huge. Like tx, the options put me up over 150%. :)

[txlaw]

Visa approves RIM's SEM solution:

 

http://www.marketwire.com/press-release/rim-receives-approval-from-visa-for-mobile-payment-solution-nasdaq-rimm-1746273.htm

 

"We now offer carriers a robust solution with around-the-clock global support that works on any NFC-capable device, and meets the stringent technology and usability guidelines for Visa."

 

Hopefully, we see this being used in more than just Canada.