Skip to content
Subscriber Only

Yacktman Raises RIM Stake as BlackBerry Slips: Corporate Canada

Donald Yacktman, whose $19 billion mutual-fund firm has outperformed peers by picking undervalued stocks, is leading a rush of investors betting Research In Motion Ltd. and its BlackBerry smartphone can recover.

Yacktman Asset Management bought 12.2 million RIM shares last quarter, doubling the firm’s stake to about $252 million, according to data compiled by Bloomberg. Yacktman sees value in the BlackBerry’s 80 million users worldwide, its physical keyboard and the promise of a new operating system, even as the phone’s U.S. market share drops to less than 2 percent from 8.5 percent a year ago.