FairFacts

Blackberry to get $600 million ($450m in cash, $150 in debt). I wonder if they will pay down some or all of the convertible debt to Fairfax? https://finance.yahoo.com/news/blackberry-sell-patents-related-mobile-125713253.html

Alright, just a comment on the divi policy, not the biggest of deals. Meanwhile (conspiracy theorist hat on) why is the Q3 earnings release date late????

I don’t disagree but it’s a non-standard dividend policy, why not pay him a proper salary like everyone else. The dividend policy could then be ‘normalized’. As it is it’s just another ‘wrinkle’ (exception or anomaly)….

Its just one more 'wrinkle' in the Fairfax story. The dividend policy is set (firmly) to accommodate the founder.

Another thing that bothers me is their very inflexible dividend policy (its been fixed at $10/share for years). It means its neither a dividend appreciating play nor a steady income play (in real terms).

BlackBerry The Trade: BlackBerry Limited (NYSE: BB) President and COO Tom Eacobacci sold a total of 171300 shares at an average price of $9.35. The insider received $1,601,655.00 from selling those shares. (copied from yahoo).

RFP up 8% today on double normal volumes.

No brainer….

Indian Life Insurer IPO at potentially $109 billion...... https://www.yahoo.com/finance/news/india-seeks-109-billion-valuation-084211913.html

Blackberry announces Secure Authentication for Microsoft 365. https://finance.yahoo.com/news/blackberry-delivers-secure-modern-authentication-120000568.html Could this be significant for BB?? Show me the money!

A big difference in Woods favor is that she has publicly laid out her analysis in some detail. The ArkInvest price target detailed analysis is available on the www.ark-invest.com web site free ( I can’t insert the URL for some reason). I you go to their website search on Tesla. in general Wood’s strategy of investing in disruptive innovation has merit (think Digit). She sees a convergence of technologies that will catapult industries into a new era of advancement over the coming 10 years.

SJ, I was referring to this article Why the Worries About the Outlook of BB Stock Are Way Overdone | InvestorPlace and 3/4 of the way down....... "RBC Capital recently suggested that BlackBerry could obtain around $1 billion from the deal, but I think that the total could easily reach $2 billion to $3 billion."

Having slated the BB investment as a complete dog I am aware that there are murmurs of an imminent deal to sell the old patents relating to physical devices and messaging. If BB were to pull this off and realize over $1bil. how might that affect Fairfax’ view of their investment?

I wouldn’t be surprised if they are not considering a 5% buyback similar to the Fairfax India offer. The only issue would be at what price they could expect it to be a success. An offer of $480 per share might get them there.

BB - if you knew nothing about software 10 years ago and invested in the top three software companies Microsoft, Oracle and SAP you would have a +500% return. Don’t even bother to compare with AAPL.