- Yacktman Mutual Fund Believes In BlackBerry 10, Doubles Stake In RIM
  • Yacktman Mutual Fund Believes In BlackBerry 10, Doubles Stake In RIM

    RIM's stock ($RIMM) has been a hot topic of discussion these past couple of months. It's gone up, it's gone down; it's been a bit of a rollercoaster. Some analysts have changed their minds and now believe that BlackBerry 10 could succeed in the market, while others have stayed true to their beliefs that BlackBerry 10 will be "dead on arrival."

    One of RIM's biggest investors, Yacktman Mutual Fund today announced they have doubled their stake in the company. They bought an additional 12.2m shares this quarter, which now takes their stake in RIM to $252 million or 4.5% of the whole company. Yacktman Mutual now round out the top 5 in RIM's investor pool (Prem Watsa, Mike Lazaridis, Jim Balsillie and Primecap Management are the top 4).

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