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Fairfax CEO:黑莓是一个很好的长期投资项目

编辑:admin 2014-04-10 15:32:23 浏览:708  来源:元器件交易网

Fairfax CEO:黑莓是一个很好的长期投资项目0

  元器件交易网讯  4月10日消息,据外媒报道,Fairfax公司CEO 4月9日称饱受股市不公正待遇的黑莓其实是一个很好的长期投资项目。

  Fairfax公司CEO 普莱姆·沃特萨(Prem Watsa)表示,“我们认为随着时间推移,黑莓会做的很好。”

  Fairfax是黑莓(Blackberry)最大单一股东,黑莓股价已经从2008年的148美元跌至去年的5美元。

  Fairfax去年希望寻求合作伙伴以47亿美元收购黑莓的计划流产。他称自己相信黑莓公司仍然很有价值,只是被投资者们低估了。

  他说,“在我看来,市场浮浮沉沉。当股票价格下降,市场……预测破产,当股价上升,又预测市场增长,而真理总在两者之间。”

  他也赞扬黑莓CEO程守宗,并说黑莓有他是一件幸运的事。

  除了股权,在谈判失败后,Fairfax在黑莓增持5亿加元(4.59亿美元)的债券。

  据悉,黑莓CEO程守宗周三表示,倘若仍然无法盈利,该公司会考虑出售手机业务,转而通过投资、并购和合作来扩大业务触角。

  黑莓昨日股价在美国纳斯达克交易所达到8美元,在多伦多证券交易所8.69加元。

  (元器件交易网董蕾 译)

  外媒原文如下:

  Struggling smartphone maker BlackBerry Ltd is a good long-term investment that is being unfairly punished by the stock market, the chief executive of the company's top shareholder said on Wednesday.

  "We think over time BlackBerry is going to do well," Prem Watsa, CEO of Canada's Fairfax Financial Holdings, which holds about 10 percent of BlackBerry's shares, said at Fairfax's annual general meeting in Toronto.

  Watsa, who has built a reputation as a shrewd value investor through winning plays such as his bet that the U.S. housing market would fall into crisis, has built up Fairfax's BlackBerry stake over the past three years. The smartphone maker's share price has tumbled from a Nasdaq high of about $148 in 2008 to a low of just over $5 last year.

  Fairfax sought partners last year in a $4.7 billion bid to take BlackBerry private, but abandoned the plan after its due diligence showed BlackBerry could not handle the large debt load it would have to take on in such a deal.

  Watsa said he still believes the company, which pioneered handheld email but has watched its market share disappear to rivals such as Apple Inc's iPhone, has valuable assets and is being underpriced by investors.

  "In my experience, markets go up, markets go down. When stock prices come down, the marketplace ... predicts bankruptcy, and when it goes up, it predicts years of fantastic growth. And the truth is always in between," he said.

  He also praised BlackBerry CEO John Chen and said the company was "so fortunate" to have him.

  Chen, who replaced Thorsten Heins as CEO after the buyout was abandoned, is best known for turning around software maker Sybase in the late 1990s.

  In addition to its equity stake, Fairfax has C$500 million ($459 million) in BlackBerry debentures, convertible at $10 a share into BlackBerry stock, after taking the lead in a debt offer after the buyout talks fell through.

  BlackBerry's shares were at $8 on Wednesday on Nasdaq and at C$8.69 on the Toronto Stock Exchange.

  While Watsa is optimistic on BlackBerry, he takes a dim view of the stock market's prospects overall, maintaining hedges on Fairfax's equity holdings as he sees potential for the U.S. economy to fall into deflation, citing the country's huge debt load and the danger of a property collapse in China.

  He also singled out the high valuations of tech companies such as Twitter and Facebook, alluding to the dot-com bubble of the late 1990s.

  "This is going to end in tears because it always has. Someday the music is going to stop and all these companies are going to come down quite dramatically," he said.

  Fairfax's earnings performance has been volatile since the company added the equity hedges in 2010. It posted a net loss of $573 million last year as stock markets rallied.

  But Watsa maintains Fairfax is not geared to produce strong profits on a quarter-to-quarter basis, but is focused instead on long-term results.

  He said he won't add to the equity hedges currently in place, but has no plans to reduce them either.

  "We've got enough hedging. But we'll maintain those hedges until all of this gets sorted out," he said.

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