+ Reply to Thread
Results 1 to 6 of 6
Like Tree1Likes
  • 1 Post By lak611

You can view the page at http://forums.pinstack.com/content.p...ars-says-Watsa... Smartphone News forum

  1. #1
    Delfim's Avatar
    Delfim no está en línea Stack Moderator
    Join Date
    Mar 2007
    PIN/ID
    Nope!
    Posts
    14,886

    Article: RIM Turnaround Could Take Three to Five Years, says Watsa

    Advertisement




  2. #2
    lak611's Avatar
    lak611 no está en línea Stack Professional
    Join Date
    Jan 2010
    PIN/ID
    no more
    Posts
    1,370
    I do not think RIM will still be around if "turnaround takes three to five years".

    I believe Mr Watsa feels he will be able to make money if all or part of RIM is sold.
    Laura

    Follow me on Twitter @lak611

  3. #3
    chokem's Avatar
    chokem no está en línea PINStacked!
    Join Date
    Jan 2008
    PIN/ID
    nada
    Posts
    11,481
    I agree with Laura. Shareholders will be reluctant to lose any more money, I would think.
    ​Galaxy S4 Red

  4. #4
    Delfim's Avatar
    Delfim no está en línea Stack Moderator
    Join Date
    Mar 2007
    PIN/ID
    Nope!
    Posts
    14,886
    Quote Originally Posted by lak611 View Post
    I believe Mr Watsa feels he will be able to make money if all or part of RIM is sold.
    I think that's why he came into RIM...salvage. Sell a portion of RIM and skedaddle away with a profit.
    At this time it doesn´t make sense for someone to up their stakes (in this case from 2,2% to 5%, and that's a lot of millions). Watsa did that to get his foot in the door, to salvage his initial investment, and then vanish.
    I had an economics prof at Wits that told the class this, and this was in 1975, so the values can me multiplied x times over:
    " If you owe the bank a 1000 US$ and can't pay back, they'll haul your butt to court and take everything you are worth. On the other hand, if you owe the bank 10 Million US$ they will loan you another 10 Million to see if you can pay it back."
    So, roughly translated, this is what Mr. Watsa(macallit) is doing. Trying to get his initial investment back. Plus a few...
    My 2 cents.

  5. #5
    chokem's Avatar
    chokem no está en línea PINStacked!
    Join Date
    Jan 2008
    PIN/ID
    nada
    Posts
    11,481
    ^^^^^^ this sounds exactly what we've got going on with the government in the US.
    ​Galaxy S4 Red

  6. #6
    lak611's Avatar
    lak611 no está en línea Stack Professional
    Join Date
    Jan 2010
    PIN/ID
    no more
    Posts
    1,370
    Quote Originally Posted by chokem View Post
    ^^^^^^ this sounds exactly what we've got going on with the government in the US.
    Unfortunately, that is true. The US government is the most dysfunctional organization known to mankind.
    srl7741 likes this.
    Laura

    Follow me on Twitter @lak611

+ Reply to Thread

Posting Permissions

  • You may not post new threads
  • You may post replies
  • You may not post attachments
  • You may edit your posts
  •