Prem Watsa (Warren Buffett of Canada) owns 10% of RIMM..says it will regain market share.
Read article from Dec 21st, 2012 from gurufocus -
Watsa has a more far-sighted and comprehensive view of the company. In an interview with GuruFocus, he cited one big reason: “They have lots of cash, huge cash flows,” he said.
“What I see, in my markets, in the markets I’m in, outside of the U.S. – huge growth, huge commitment to BlackBerry, and in the U.S., we’re going to regain our market share with BlackBerry 10” he added.
Prem Watsa began building a position in the third quarter of 2010 when the stock traded for $50 per share on average. He continued adding as the price continued falling. His largest buy took place in the third quarter of 2012 – he purchased more than 25 million shares at $7 per share.
Serious question about Watsa: how does he get out? He's an investor and buys stocks for profit not for ownership. So if the stock price ever gets to a # where he sees a profit can he just sell without sinking the stock? 10% is a lot so selling could be interpreted as trouble and/or significantly weaken the ownership structure.
IMO, the only way he gets out is the outright sale of RIM. Maybe that's why he loaded up...
The article says (sorry can't post the link) that his break even price is about $18. So if he is going to get out, he won't do it till then. But he has a lot of confidence in the company. I am sure he has some inside info to invest so much in RIMM.
Of course, if a buyout happens he makes $$.