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Canada's Warren Buffett, Prem Watsa of Fairfax Financial (FRFHF.PK), has taken a large stake in...

Canada's Warren Buffett, Prem Watsa of Fairfax Financial (FRFHF.PK), has taken a large stake in troubled Canadian company Research in Motion (RIMM +2.6%). Watsa is known for betting against financial firms (and making billions) ahead of the financial meltdown and taking Fairfax from $4/share in the mid-1980s it to more than $400/share today. (submitted by Devon Shire)
Comments (4)
  • tenax
    , contributor
    Comments (95) | Send Message
     
    when i read "on valuation" with RIMM, i read " in the hopes it sells its patents. thoughts?
    27 Jan 2012, 09:53 AM Reply Like
  • 944761
    , contributor
    Comments (1159) | Send Message
     
    Analyst's have valued RIM's patents from a low of $2.5 billion to a high of $10, roughly $4.8-$19 per share. The true number is somewhere in between but all you need is a desperate buyer like Google and maybe the $10 billion is possible.
    but Fairfax upped it's stake in RIM because they believe RIM will regain market share with BB10
    27 Jan 2012, 01:37 PM Reply Like
  • tenax
    , contributor
    Comments (95) | Send Message
     
    thanks for the thoughts, habs on RIMM.
    27 Jan 2012, 02:52 PM Reply Like
  • WallStreetDebunker
    , contributor
    Comments (2531) | Send Message
     
    The SA soundbite is misleading: "Prem Watsa of Fairfax Financial (FRFHF.PK), has taken a large stake in troubled Canadian company Research in Motion."

     

    He substantially increased his stake recently, but bought quite a bit back when RIMM was over $40/share.
    29 Jan 2012, 06:31 PM Reply Like
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