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As Expected, BlackBerry Will Be a Smartphone Bloodbath Victim

If you were surprised by this week‚Äôs ‚Äústunning‚ÄĚ news that once king-of-the-hill smartphone vendor BlackBerry (BRRY) and its shares took another leg down, I have to say you should be reading my investment newsletter PowerTrend Profits. In addition to firing Chief Executive Officer (CEO) Thorsten Heins, BlackBerry also opted for a $1 billion fundraising plan from its largest shareholder rather than $4.7 billion rescue bid.

The way the media is reporting it, it was BlackBerry that opted for the change in terms, but I am more inclined to think it was Fairfax Financial, the company’ s largest shareholder, that altered the terms of the deal.

Here’s why I think that…

Read about BlackBerry’s trend of failure at Eagle Daily Investor.

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archive

As Expected, BlackBerry Will Be a Smartphone Bloodbath Victim

Once king-of-the-hill smartphone vendor BlackBerry (BRRY) and its shares took another leg down, and I am inclined to think that the company‚?? s largest shareholder altered the terms of the deal. Here‚??s why I think that‚?¶

If you were surprised by this week‚??s ‚??stunning‚?Ě news that once king-of-the-hill smartphone vendor BlackBerry (BRRY) and its shares took another leg down, I have to say you should be reading my investment newsletter PowerTrend Profits. In addition to firing Chief Executive Officer (CEO) Thorsten Heins, BlackBerry also opted for a $1 billion fundraising plan from its largest shareholder rather than $4.7 billion rescue bid.

The way the media is reporting it, it was BlackBerry that opted for the change in terms, but I am more inclined to think it was Fairfax Financial, the company‚?? s largest shareholder, that altered the terms of the deal.

Here‚??s why I think that‚?¶

Read about BlackBerry’s trend of failure at Eagle Daily Investor.

Newsletter Signup.

Sign up to the Human Events newsletter

Written By

Chris Versace is a financial columnist and equity analyst with more than 18 years of experience in the investment industry. He has been ranked an All Star Analyst by Zacks Investment Research and his efforts in analyzing industries, companies and equity securities have been recognized by both Institutional Investor and Thomson Reuters‚?? StarMine Monitor. He‚??s frequently published in The Washington Times and is a frequent contributor to the daily radio show ‚??America‚??s Morning News‚?Ě and ‚??America‚??s Radio News‚?Ě. He has been quoted in the Wall Street Journal, Investor‚??s Business Daily, The Street, USA Today and other publications. In addition, he can be frequently seen on television‚??s ‚??Fox Business‚?Ě show.

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