1. copeland007's Avatar
    It looks like two (2) interesting investors took stakes in Blackberry going into 2013 year end. Primecap Mgmt and Thirdpoint Asset Mgmt bought stakes.

    The Third Point is interesting because it's backed by Dan Loeb... a serious hedge fund guy. I think the shares could be interesting post this news.

    BlackBerry Ltd (BBRY) news: Loeb buys into BlackBerry, shares +2% AH - Seeking Alpha
    02-14-14 04:19 PM
  2. copeland007's Avatar
    By Beth Jinks

    Feb. 14 (Bloomberg) -- Third Point LLC, the hedge fund run by Daniel Loeb, amassed new stakes in BlackBerry Ltd., T-Mobile US Inc. and Apple Inc. The fund bought about 1.9 percent of BlackBerry’s shares, almost 1 percent of T-Mobile’s stock, and 100,000 Apple shares during the fourth quarter, according to a filing today with the U.S. Securities and Exchange Commission. Third Point also revealed a 1.3 percent stake in Hertz Global Holdings Inc. among other new positions.

    While most of New York-based Third Point’s investments aren’t activist -- where try to force management and boards to make changes that boost shares and returns -- it’s those campaigns that attract the most attention. Loeb last year targeted Dow Chemical Co., Sony Corp., CF Industries Holdings Inc., and Sotheby’s.

    In July, billionaire Loeb sold most of his stake in Yahoo! Inc. back to the company and left the board after an almost two- year effort to revamp the Web portal. Loeb became a director in May 2012 in a shakeup tied to the ouster of former Yahoo Chief Executive Officer Scott Thompson. Loeb helped bring in Google Inc. executive Marissa Mayer as CEO.

    --Editors: Elizabeth Wollman, Crayton Harrison
    Last edited by elite1; 02-17-14 at 05:22 AM. Reason: Wrapped quote in [QUOTE] tags
    Reed Richards likes this.
    02-14-14 04:33 PM

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