[cremnob]

Fairfax first invested in RIM back in 2010 and they've been adding to that position ever since. Their 10% stake was purchased at an average price of $17. He's been in the red on this investment for a while. I think this purchase is more about trying to turn the company around and try to recoup whatever they can. What JonFish85 posted is probably what's going to happen here.

> Take it private, do another, more aggressive round of layoffs and get down to a very core group. Then decide whether to chop it up and sell it off (patents alone are probably worth a good chunk of money). As far as I know, Blackberry has no debt, so that makes the math a bit easier.

Watsa is a great investor with a solid track record, but I think this has been a mistake for him.