Santayana

LOL, saw your post and thought it was out early! Tomorrow I think.

The mention of container handling terminals made me wonder what sort of synergies there might be with Seaspan. Then I realized how Stelco could play into that as well.

And if they can take advantage of the current conditions to keep buying back shares, the earnings needed to hit that $100 EPS number will keep falling. But honestly just consistently getting $50/share would do wonders for sentiment.

Is it possible they basically executed a straddle with the index return swaps last Spring?

Good point about wanting to increase the Digit ownership amount. This was the quote that had me thinking that way. "We'll be filing some more, you'll be able to guess them. And we'll be filing them in India, in Fairfax India. Many of them there. And we've got some really good companies and we've developed them over time."

Seemed to me he hinted at a Digit IPO coming soon as well.

If he wanted to say anything publicly about BB it would have been mentioned in the results, so I'm not surprised it's not something he's talking about in the call. I haven't listened yet, but it sounds like he not saying anything, which doesn't mean they necessarily stood pat, or aren't in the middle of something right now.

Maybe today's rise in BB is being caused by Fairfax covering the shorts they put on around $20. Hey, a guy can dream!

Regardless of what they did or didn't do, or whatever the timing. Blackberry is still holding onto price gains on the year worth about $500M to Fairfax, and the Fairfax stock price does not reflect that.

Change the names and it sounds just like the BB/AMZN story. Clearly there's a market for what BB is doing, the question will be what kind of share can they get. Google on one side and Amazon on the other. Should be interesting.

Thanks, Wabuffo. That's a great explanation.

What exactly are they doing that puts them in a position of needing to raise money? Seems to me that if you're a trading platform, and losing money in a time of high volume, something smells fishy.

A friend just sent me a great post they saw on WSB. "We can remain retarded longer than you can remain solvent!"

Nothing to do with Blackberry, but they did file this yesterday, reflecting a transaction from 12/31/20. https://www.sec.gov/Archives/edgar/data/915191/000110465921009510/tm214744d1_sc13g.htm

Maybe someone already pointed this out, but none other than Steve Cohen is part of the GME short crowd.

Seriously though, now that the feeding frenzy has spread to so many different heavily shorted names, I'm a bit nervous not knowing what the exposure is. It's not out of the realm of possibility that Fairfax is short one of these names that's exploded over the last week.

Maybe Prem is using Robinhood and was blocked from trading BB.

His aversion to options didn't stop him from writing index puts back in 2008 though. Who would be on the other side of that trade if no one was allowed to buy them?

This is more a case of caveat venditor,

We'll find out they sold BB but had to use the proceeds to cover the TSLA short.

A *much* lower interest rate.

We really have no idea what that number per car might look like a few years down the road. What if in a world of self-driving cars they have something that they're getting $100/car for? What if the technology ends up in Amazon's drones as well? Or, someone else comes along and eats their lunch, and they end up not being a meaningful part of the market at all. But if they nail it the upside could be tremendous.

Trading at 60% of book. Makes perfect sense to me.

So now trading at something around 70% of book.

Are you actually trying to be this obtuse just for the sake of arguing every single obvious point, or it just comes naturally? I read that post and thought is he really trying to compare the density of NYC to California as a whole? I'm guessing he's never made it west of Chicago.