Renowned Canadian value investor Prem Watsa
just reported his second quarter portfolio. Prem Watsa
buys Resolute Forest Products Inc, Dex Media Inc, Cooper Tire & Rubber Company, IBM, Merck & Co Inc, New York Times etc during the second quarter. He sold Novadaq Technologies Inc., Level 3 Communications Inc, SuperMedia Inc, Zhongpin, Inc., Bristol-Myers Squibb Company, New Oriental Education & Technology Group Inc., Hewlett-Packard Co, Ultra Petroleum Corporation, American Safety Insurance Holdings Ltd.
Fairfax’s largest holding is BlackBerry (BBRY), which is said to seeking a sale. As the largest shareholder, Prem Watsa
’s opinion on this will be extremely important. Prem Watsa
’s cost per share is estimated to be $17 a share, which is now 36% under water. This is the history of Prem Watsa
’s holding of BlackBerry: Continue Reading »