Dan Loeb’s Third Point Discloses 2% Stake in BlackBerry at End of 2013

 Dan Loeb

It seems like another activist hedge fund manager has taken an interest in BlackBerry. Dan Loeb at Third Point has disclosed that they had 10 million shares of BlackBerry stock at the end of 2013. That translates into about 1.9% of BlackBerry compared to Fairfax with its 10.5%. This is all about BlackBerry being significantly undervalued and consensus that John Chen may be able to turn the company around.

Prem Watsa and Dan Loeb have a bit of bad blood between them in the past so it should be interesting to see how this plays out.

via Financial Times

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