• Prem Watsa Buys BlackBerry Shares - Puts Money Where His Mouth Is

    Nobody can be completely sure of what the future of BlackBerry is right now. With a newly appointed CEO and former CEO, Mike Lazaridus, selling his shares it seems that almost no-one can be certain of what's going to happen.

    Prem Watsa, the head of the consortium that backed BlackBerry's recent financial investment seems to have a better idea than most. He has opted to purchase 129,000 BlackBerry shares. Being the head of Fairfax Financial, Prem has a history of making shrewd investment calls.

    With just shy of $1 million worth of BlackBerry shares, Prem clearly believes in the direction that John Chen is taking BlackBerry. As the Lead Director at BlackBerry himself - he should have a better idea than most.

    Source Stockhouse
    Via NerdBerry

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