Posts tagged: Jason Jennings

Ultimate Buy Signal for RIM?

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By , July 27, 2012

I have long since thought that RIM was going through an unprecedented bout of negativity which has had it on my “watch list” for months. Contrarians love this type of stock, John Templeton always tried to “buy at the point of maximum pessimism” (there is a good book by that title, and you may also enjoy reading “Investing The Templeton Way”.)

Sir Templeton earned his wings as a legendary value investor by borrowing $40,000 from his boss during the nadir of the Great Depression and using it to purchase shares of every single company trading under $1. The rest is history.

These days the legends have different names, like Prem Watsa, who already owned a significant stake in RIM and then went ahead and doubled down. Read more »

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