After having pre-announced dismal second quarter 2014 results,BlackBerry (BBRY) said it reached a preliminary deal to take the company private for $4.7 billion in cash ($9 per share). The company is indeed in terrible conditions.
Second quarter 2014 sales were projected at just $1.6 billion, roughly half consensus of $3.1 billion. Volumes came down by 45% quarter over quarter (qoq) and BB10 hasn’t built any momentum yet. That said, there is a fair price for every asset and somebody has finally made a bid for the entire enterprise.
Should you go long BlackBerry now?
— Guru Focus