RIM Turnaround Could Take Three to Five Years, Watsa Says
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A turnaround at Research In Motion Ltd. 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. 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.