Research in Motion (BB) rallied sharply in the last few months of the year on positive anticipation of its new Blackberry 10 product. The position produced solid results for Fund holders in 2012 even though the stock declined during the year because we took advantage of lower prices to purchase additional shares. As the stock rebounded sharply, more than doubling from the low, we sold some shares to keep the position size as a modest weighting in each Fund.
From Yacktman Funds 2012 annual letter.
From Yacktman Funds 2012 annual letter.
