tag:blogger.com,1999:blog-7294165939647321702.post2161446206137054367..comments2024-03-28T13:45:43.362-04:00Comments on <center><a href="http://www.barelkarsan.com">Barel Karsan - Value Investing</a></center>: Waving the White Flag on RadioShackSaj Karsanhttp://www.blogger.com/profile/04493152766022812984noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-7294165939647321702.post-59295633259610366372015-05-18T19:19:05.400-04:002015-05-18T19:19:05.400-04:00Hi BF,
You're absolutely right that the origi...Hi BF,<br /><br />You're absolutely right that the original value thesis failed. I'll move the "analysts were right" article to the Value Fail page.<br /><br />I think Blackberry now is very much like IBM was when the mainframe became obsolete. Management skill is very important to get Blackberry to shed business lines and focus and execute on the right areas going forward.Saj Karsanhttps://www.blogger.com/profile/04493152766022812984noreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-75187430928709472052015-05-14T10:09:37.369-04:002015-05-14T10:09:37.369-04:00Well done exiting on RadioShack before their decli...Well done exiting on RadioShack before their decline into bankruptcy. <br /><br />Saj- I continue waiting for your surrender on Blackberry. I commented a long time ago that the original value thesis is no longer existent and, although a new value thesis may have arisen - the original value thesis was a fail. <br /><br />Further, the opportunity cost of holding on - for years now - has been extraordinarily expensive. Although it's an implicit cost, this opportunity cost has added to your explicit breakeven price. That said, I think Blackberry would be a great acquisition for Microsoft, Amazon or others with a broad ecosystem of products/services that would complement Blackberry's offering. If that's your hope, then I understand holding on (although, again, the opportunity cost while waiting for a speculative acquisition seems quite high). <br /><br />In any event, this is friendly banter and I look forward to your thoughts. <br /><br />As always,<br />BFAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-66375824192280945082014-03-06T10:07:31.176-05:002014-03-06T10:07:31.176-05:00Karsan, You may want to look at if the industry of...Karsan, You may want to look at if the industry of the company under purview is structurally changing. That is one of the reasons why you get trapped for value. When a company's RoCE is falling continuously, "denial bias" forces existing management to pump money to make the business work somehow. Sort of filling up more fuel into a car whose engine is broken to make it go faster - take a step back and you will see the truth !Varadhahttps://www.blogger.com/profile/02546300910849990655noreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-37101737119996491692014-03-06T08:05:03.753-05:002014-03-06T08:05:03.753-05:00I'd be surprised if they survived. Just the n...I'd be surprised if they survived. Just the name RadioShack gives people bad memories such as being asked for all your personal information just to buy some batteries. They wasted a bunch of money on a Superbowl commercial to remind people of how outdated their store model is and forget to tell people why they should go now. I'm not sure what RadioShack can offer in their stores that would make people choose them over Walmart, BestBuy, Amazon, etc.Greggnoreply@blogger.com