Prem reviewed the firm (Research-in-Motion) calling it a great Canadian success, noting that it remains #1 in many markets, and observing that is has $2.1 billion in cash and no debt. It has, however, fallen by about 90% which Prem correctly notes makes people think that it's doomed while its competitor Apple seems destined to shoot to the moon. However, as value investors know, nothing grows to the sky [and even the meanest dog can have his day].
Prem is bullish on BB10, the firm has terrific technology, and he notes that Mike Lazaridis is a genius. He also likes Thorsten Heins and remains happy to hold RIM's shares.
The cell phone market is 6 billion units so there is lots of room for competitors. 1.2 billion units are sold each year.
Read the complete notes at Fairfax Financial Dinner.