I’d be smiling too, after a payday like this one.
Balsillie made his move during the hype over the release of BlackBerry’s two new BB10 phones — so he must think the hype is as good as it’s going to get for his old company.
…if I owned the stock, I’d take that as a Bad Omen, and follow suit.
There is definitely room for 2 highly profitable smartphone platforms, there maybe enough potential money left on the table to support 3 but more that that… very unlikely.
The question then becomes who has the resources to force themselves into 3rd place?
Blackberry? Invest accordingly…
He had a good run, and made me a lot of money, so I have a hard time feeling too bad about this. RIMM was almost a 4 banger for me.
But I bailed as soon as I saw an I-Phone!
My only regret is that I didn’t short them. Their demise was SO obvious.
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