Wireless News
12-04-2013, 05:10 AM
http://l3.yimg.com/bt/api/res/1.2/9.gKJf2hHbfcAImrIZbqOA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-12-04T090904Z_1_CBRE9B30PFI00_RTROPTP_2_CANADA.JPG (http://news.yahoo.com/greece-blackberry-39-cautious-39-bets-canada-39-090904073--sector.html)By Laura Noonan LONDON (Reuters) - Bets on debt-ravaged Greece or ailing phone maker BlackBerry would make many investors flee, but for Prem Watsa both are part of a "cautious" strategy he employs to manage Fairfax Financial's $23.3 billion portfolio. His 2011 investment in Bank of Ireland - the only domestic Irish bank not forced into state ownership after a financial crisis - has almost trebled in value to 845 million euros ($1.15 billion). Investments in Greece and a $4.7 billion bid for BlackBerry, which has faded almost to irrelevance in a competitive smartphone market, fit the pattern of contrarian investments, but it's too early to say if they will succeed.
More... (http://news.yahoo.com/greece-blackberry-39-cautious-39-bets-canada-39-090904073--sector.html)
More... (http://news.yahoo.com/greece-blackberry-39-cautious-39-bets-canada-39-090904073--sector.html)