Prem Watsa investments and stake holding in Blackberry Ltd (NASDAQ:BBRY), as of May 15, stands at 46,699,700 shares. At present prices, this is roughly $416,510,000 in value. This makes Fairfax Financial Holdings Ltd the second largest stockholder of BlackBerry Ltd (NASDAQ:BBRY), in the quarter.
Many hedge fund firms are bullish about BlackBerry Ltd (NASDAQ:BBRY) in the near future. The upside many are willing to see is the company’s apparent technology thrust into the Internet of Things. While there is nothing much available about its work in Internet of Things, the company is pioneering its way there apparently. Secondly, analysts and hedge fund and financial institutions are viewing the company’s QNX as the most profitable of the secure-smartphone maker’s offerings. Besides, BES 12, holds its own against the best in the industry. Therefore, the scope for BBRY going forward in this stream is unlimited.
Of the many financial services companies, Fairfax Financial Holdings Ltd (OTCMKTS:FRFHF) believes in the Canada-based smartphone maker. Prem Watsa-backed Fairfax Financial Holdings Ltd is not the only other company which continues to hold a strong interest in BBRY, after Chen himself.
Apparently, it is not just Prem Watsa who sees the upside in BLackBerry Ltd (BBRY). One other very interested investor is the Kahn Brothers. Recently, the company is known to invest more in the BlackBerry Ltd (NASDAQ:BBRY. The Kahn Brothers has acquired more shares of BlackBerry Ltd increasing the number from 289,960 to 1,846,010 shares.
The number of shares of BlackBerry Ltd (NASDAQ:BBRY) held by Fairfax Financial Holdings Ltd (OTCMKTS:FRFHF) was revealed by its Securities and Exchange Commission filing, 13 F. The filing was for the first quarter of 2015.
Prem Watsa urging release of Q20
Prem Watsa was recently found persuading Chen to move ahead of schedule and release Blackberry Q20 earlier. However, it did not happen and now the wait continues for Blackberry Ltd, to release it at its convenience.
BlackBerry Ltd (NASDAQ:BBRY)’s CEO John Chen recent efforts to shift the company towards the software business, could prove lucrative in the long run while cutting down the burden of hardware business.