Tuesday, September 24, 2013

BlackBerry to Sell

BlackBerry to Sell

Fairfax Financial offers 4.7 billions of Canadian dollars to the Canadian company Blackberry. This is good news because it is a floor price. The deal stands until November 2013 and Blackberry could have better deals.
If I were at their shoes, I wouldn’t wait too long. I would take the cash and move on. When we look at BlackBerry for the last few years, we understand how important for that Canadian company to renew itself. The effort was good for the last 2 years, but not enough.

There was a time; BlackBerry was the leader in telecommunications. Stocks reach 145$ at that time.

How could we explain this failure? What could we reasonably learn from this situation?

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