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.

http://www.bloomberg.com/news/2012-04-26/rim-turnaround-could-take-three-to-five-years-watsa-says-1-.html

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