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BlackBerry Limited Message Board

  • doing_good123 doing_good123 Jan 3, 2013 10:06 PM Flag

    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.

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