A More Interesting Development in BlackBerry

On Monday, substantial attention was given to the fact that BlackBerry (BBRY) put itself up for sale. I think what's more interesting is that Prem Watsa resigned from the board because of "potential conflicts of interest" in the competitive bidding process.

Watsa doesn't get covered in much in the U.S. -- or, when he does, it's as "the Warren Buffett of Canada" or the guy that sued Stevie Cohen. However, Watsa is a 10% owner of BlackBerry. He bought his initial tranche around $14 per share, and his second tranche around $7, so his blended average cost is around $10 -- roughly where the stock closed Monday....282 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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