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I'd like to caution that this analysis is incredibly flawed. Specifically it magically ignores the entire liabilities side of the balance sheet (when you buy a
by slykat 13y ago
I'd like to caution that this analysis is incredibly flawed. Specifically it magically ignores the entire liabilities side of the balance sheet (when you buy a company you don't just inherit their cash balances but also their debts). This is the problem with most financial journalism; you shouldn't taking financial advice from someone who doesn't understand the income statement or balance sheet.
All I did was take the balance sheet and pull out intangible assets: https://www.google.com/finance?q=NASDAQ%3ABBRY&fstype=ii&ei=yeZAUpjBO6iolwOoXw https://www.google.com/finance?q=NASDAQ%3ABBRY&fstype=ii&ei=.... I did NOT consider the value of earnings from any of the business (i.e. income sheet) as the investment thesis I made was for shutting down the business, and I don't want to divine profitability from each of the business lines.
They really need to require finance coursework in college so this kind of fake financial journalism gets stamped out.
- bproper 13y agoOne of the attractive things about Blackberry is that they have no debt. http://www.theglobeandmail.com/report-on-business/blackberry-bargain-a-value-investor-meets-his-match/article14487928/ http://www.theglobeandmail.com/report-on-business/blackberry...
- slykat 13y agoYes but they have $3.7 billion in liabilities that this article conveniently ignores.