One of the investors that I admire most Prem Watsa, discussed his belief that RIMM can potentially right the ship. RIMM is a cheap stock with an excellent balance sheet. The company generates plenty of cash and has 77 million users. They do have a lot riding on the Blackberry 10 coming out later in the year but that is the business they are in, as any company must continuously produce popular phones. At T&T Capital Management we have been selling puts on RIMM going out further in time to take advantage of the extremely high implied volatility. Watsa’s involvement in the firm as a board member brings me a lot more confidence that the company will do what is best for shareholders.
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