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Prem Watson Ups His Stake In RIM While The New York Times Bows Out Of Blackberry App

|Includes:BlackBerry Ltd. (BBRY), NOK

Fairfax's Prem Watson, also known as the Canada's Warren Buffet, doubled down on his position in Research in Motion a couple of weeks ago while firms like Google and the New York Times have been dropping support for their apps on Blackberry's platform. Value trap or value play? Only time will tell, but I'd look at Nokia instead of RIMM.

http://www.businessweek.com/news/2012-07-25/new-york-times-scraps-blackberry-app

Disclosure: I am long NOK.

Stocks: BBRY, NOK