03-27-13 03:54 AM
27 12
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  1. RHDJEEZY's Avatar
    http://www.valuewalk.com/2013/03/pre...tion-ltd-bbry/

    .................................................. ......
    he hasn't sold yet, so how can he "lose $130M?
    for those of you who don't know who Prem Watsa is, he an extremely intelligent man born in India. He's also a CEO of an investment group based in Toronto called Fairfax Financial Holdings.
    If you're willing to put up the "risk" and purchase any stock, it would be best to follow him.

    As he is 100% ($881M to be exact) behind BBRY, and has full confidence it will rebound for the good.
    03-12-13 06:46 PM
  2. nquyen's Avatar
    Pretty sure he baught the bulk of his stock when RIM was at around $6-$7....
    03-12-13 06:53 PM
  3. Acumenight's Avatar
    http://www.valuewalk.com/2013/03/pre...tion-ltd-bbry/

    As he is 100% ($881M to be exact) behind BBRY, and has full confidence it will rebound for the good.


    My portfolio is close to 100% behind BBRY too, but rounding off, I'm in approx 881M less than Perm. Just as confident though!
    03-12-13 07:12 PM
  4. world traveler and former ceo's Avatar
    ask this same question in three months ….
    03-12-13 07:13 PM
  5. Marc_Paradise's Avatar
    he hasn't sold yet, so how can he "lose $130M?
    Exactly this. That entire article has as a premise the idea that PW has "lost" this money.

    He has neither lost nor gained - nor will he until he closes his position.
    Shanerredflag likes this.
    03-12-13 08:40 PM
  6. howarmat's Avatar
    his average is $17. Right now if he sells he loses. He wont sell right now nor will he lose in the end.
    03-12-13 08:55 PM
  7. Knightcrawler's Avatar
    The investor is “excited about its prospects under [CEO] Thorsten’s leadership and Mike’s [Lazaridis] technical genius.” That excitement needs to turn into a return soon.
    earlier...

    According to the most recent 13f filing from Fairfax Financial Holdings Ltd (PINK:FRFHF) (TSE:FFH), 24.51 percent of the company’s long equity portfolio were in Research In Motion Ltd (NASDAQ:BBRY) (TSE:BB) shares.
    03-12-13 09:06 PM
  8. DatMisterB's Avatar
    Haha, way to write negative things on BBRY. At 17$ average he will most likely make a healthy profit.
    03-12-13 09:10 PM
  9. pooger's Avatar
    That's an interesting artlice.

    Sent from my BlackBerry 9930
    danfrancisco likes this.
    03-12-13 09:14 PM
  10. kfh227's Avatar
    Pretty sure he baught the bulk of his stock when RIM was at around $6-$7....
    The exact price is known. Check the thread in news=>BBRY for the exact number. he bought 48% of his holding at around $7.
    03-12-13 10:55 PM
  11. danfrancisco's Avatar
    That's an interesting artlice.

    Sent from my BlackBerry 9930
    There better not be an outbreak of this stuff at my kids' school
    peter9477 likes this.
    03-12-13 10:58 PM
  12. OMGitworks's Avatar
    The exact price is known. Check the thread in news=>BBRY for the exact number. he bought 48% of his holding at around $7.
    Watsa also said that the cost was $17 per share in his recent shareholder letter.
    03-13-13 07:54 AM
  13. OMGitworks's Avatar
    Let's be fair about this, the headline actually says he is "Down" which is correct. Perhaps they changed the headline? The article itself is correct as well:

    Prem Watsa Down $130M on Research In Motion Ltd (BBRY)

    snip
    As of December 31 2012, Fairfax Financial Holdings Ltd (PINK:FRFHF) (TSE:FFH) owned 51,854,700 shares in Research In Motion Ltd (NASDAQ:BBRY) (TSE:BB). In his letter, Watsa says that the average price of those shares was around $17. That purchase price implies a huge (paper) loss for the Canadian investment company.
    At time of writing, Research In Motion Ltd (NASDAQ:BBRY) (TSE:BB) shares were trading just below $14.50. At that price, Fairfax Financial Holdings Ltd (PINK:FRFHF) (TSE:FFH) is down an estimated $129.63 million on its Blackberry bet. Prem Watsa must be expecting great things from the firm.

    It looks like some Internet editor added as single wrong caption below the headline and for the tab, but everything else in the actual article is absolutely correct and accurate.
    03-13-13 07:59 AM
  14. RHDJEEZY's Avatar
    Let's be fair about this, the headline actually says he is "Down" which is correct. Perhaps they changed the headline? The article itself is correct as well:

    Prem Watsa Down $130M on Research In Motion Ltd (BBRY)

    snip
    As of December 31 2012, Fairfax Financial Holdings Ltd (PINK:FRFHF) (TSE:FFH) owned 51,854,700 shares in Research In Motion Ltd (NASDAQ:BBRY) (TSE:BB). In his letter, Watsa says that the average price of those shares was around $17. That purchase price implies a huge (paper) loss for the Canadian investment company.
    At time of writing, Research In Motion Ltd (NASDAQ:BBRY) (TSE:BB) shares were trading just below $14.50. At that price, Fairfax Financial Holdings Ltd (PINK:FRFHF) (TSE:FFH) is down an estimated $129.63 million on its Blackberry bet. Prem Watsa must be expecting great things from the firm.

    It looks like some Internet editor added as single wrong caption below the headline and for the tab, but everything else in the actual article is absolutely correct and accurate.
    LOL they did change the title... haha haha
    I should have took a screen shot.
    These "analyst" guys are really pathetic...

    Posted via CB10
    03-13-13 08:58 AM
  15. Marc_Paradise's Avatar
    Here's the lede, still current:
    rem Watsa's Fairfax has lost around $130 million so far in its bet on Research In Motion. Despite the loss Watsa remains optimistic.
    When syndicating, it's best to update syndicate feeds with new titles

    ALso, the actual title of the page still says "loses".
    Attached Thumbnails ARTICLE: Prem Watsa Loses 0M on Research In Motion Ltd (BBRY)-screen-shot-2013-03-13-10.14.56-am.png  
    peter9477 likes this.
    03-13-13 09:21 AM
  16. Kid Vibe's Avatar
    Awesome, they ended up changing the title...
    03-13-13 12:52 PM
  17. OMGitworks's Avatar
    LOL they did change the title... haha haha
    I should have took a screen shot.
    These "analyst" guys are really pathetic...

    Posted via CB10
    See Crackberry is changing the conversation!!!
    03-13-13 02:15 PM
  18. DAY1000's Avatar
    Looks like today he gained about half of that 'loss' figure back!
    03-13-13 05:43 PM
  19. cjcampbell's Avatar
    Looks like today he gained about half of that 'loss' figure back!
    More than half... he's only down approx $52 million now. Come the end of the week he'll be in the plus and come the end of the month he'll be sitting pretty with a healthy plus side.
    03-13-13 05:48 PM
  20. DAY1000's Avatar
    Looks like today he gained about half of that 'loss' figure back!
    More than half... he's only down approx $52 million now. Come the end of the week he'll be in the plus and come the end of the month he'll be sitting pretty with a healthy plus side.
    And that's why he invests BIG!!

    See how easy it is to be a capitalist, lol?
    03-13-13 06:15 PM
  21. angrybear123's Avatar
    Watsa is a long term value investor.

    This means he buys stocks when he thinks the market is being unfairly pessimistic. This means that 100% of his positions generally lose money. Until they don't. At which point, he makes a killing.

    Guys like him routinely make the street's analysts, traders, and other short termers look like fools, because while the rest of us are looking at this week's sales, he's playing the long game, and he wins at it.
    Shanerredflag and peter9477 like this.
    03-13-13 09:00 PM
  22. jimmyt1's Avatar
    Analysts are fools. But even bigger fools are the people who follow them (as opposed to someone who tracks them for general sentiment)



    Posted via CB10
    03-16-13 06:55 AM
  23. web99's Avatar
    Analysts are fools. But even bigger fools are the people who follow them (as opposed to someone who tracks them for general sentiment)

    Posted via CB10
    At the end of the day, people should at least do their own research and due diligence to validate what the analysts are saying to see whether or not it is a valid position. Especially if you are going to invest money. There are so many talking heads out there that offer their opinions either on speculation or rumours without any kind of solid information to back it up.
    Shanerredflag likes this.
    03-16-13 01:01 PM
  24. fairfaxnut's Avatar
    Fairfax owns 5%+ and Mr. Watsa has a position on the board. One of the most respectful and ethical Ceo's around. I've met him several times. He is a good Canadian success story. Hamblin Watsa, the investment company he founded, invests based on Benjamin Grahams principles.

    Powered by QNX
    coldsword likes this.
    03-27-13 01:55 AM
  25. richardat's Avatar
    More than half... he's only down approx $52 million now. Come the end of the week he'll be in the plus and come the end of the month he'll be sitting pretty with a healthy plus side.
    He's also probably down a 100 million+ on interest that money would have accrued by now in a nice, safe account
    03-27-13 03:28 AM
27 12

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