Below is an interesting excerpt from Bloomberg's article:
A turnaround at Research In Motion Ltd. (RIM) may take three to five years and the BlackBerry maker’s stock is undervalued, one of RIM’s biggest investors said today.
Prem Watsa joined RIM’s board in January and days later said his Fairfax Financial Holdings Ltd. (FFH) had doubled its holding, making it RIM’s third-largest investor, now with 5.1 percent. After Fairfax’s annual meeting today, he said he’s confident about RIM’s future.
“Is it going to turn around in three months, six months, nine months? No,” Watsa said. “But if you’re looking four, five years -- we make investments over four, five years. “Here’s a company with $2.1 billion of cash and no debt.”