If please someone can answer this:
Blackberry has net cash of $2.1 Billion ($3.1 billion minus $1 billion in debt)
Assuming no conversion of debt to equity (conversion price is $10, if conversion happens then debt vanishes and shares outstanding increases), there are 530 million shares outstanding.
The market cap now is $5.5 billion.
Take net cash out, we have $3.4 Billion in enterprise value.
Now Blackberry has:
Other physical assets
44,000 patents
Leader in automotive sector
Deal with Nanthealth in Health sector
BBM-one iof the best and the most secured messaging platform
Building a generic mobile ecosystem
The biggest roster of government client
Any security minded corporation and people use Blackberry
BES10 and now BES12 and MDM solution, considered by many as best in enterprise
QNX application in different verticals
ION-Internet of things built up... trillions in market size
and yes, BB 10 enable devices like Passport that has a good following, more devices coming
and yes, Blackberry in some developing countries, albeit android phones will dominate there
Blackberry will be cash neutral, no more burning of cash
Blackberry will be profitable next year
......
Now when Lenovo wants to buy Blackberry, suddenly Blackberry is so valuable and critical to so many government.
So with all the above, and $ 4 billion in annual revenue run rate that is surely to grow, how is this business valued at $3.4 billion.
And according to this corrupt analysts, with target price at $6.50, valuation will be a little over $1 billion for all those assets.
Call me crazy but there is huge manipulation to accumulate shares and/or a conspiracy to destroy Blackberry so someone can get all those assets that i believe to be worth tens of billions of dollars on the cheap.
Or maybe some very powerful people do not want a non-US company to have a dominant mobile operating system, or they don't want general p8iblic to have a secure phone.
Apple paid $3.5 billion for a headphones maker (Beats), yet some analysts say Blackberry worth only a billion.
Go figure! call me a conspiracy theorist or whatever but facts are obstinate, cant argue with them. There is no magic to numbers, they speak for themselves.
When all this is solved, we will see Blackberry trading at $60-120 range.