Along with the large institutional shareholder are individual retail investors who have been snapping up shares in BlackBerry and retailer GameStop Corp. in recent weeks
BlackBerry Revival Rewards Watsa’s Patience With Huge Gain
Bloomberg 1/27/2021 Michael Bellusci
(Bloomberg) Day traders have pushed BlackBerry Ltd.’s share price to levels not seen in more than nine years. They’ve also given a jolt to a Canadian investment company that got crushed in last spring’s market crash.
BlackBerry soared as much as 52% Wednesday in New York after a brief trading halt. The stock reached its highest level since 2011, and is up about 300% this year. That is repaying the patience of Prem Watsa and his Fairfax Financial Holdings Ltd., which owns 8.3% of the software firm’s shares, according to data compiled by Bloomberg.
BlackBerry revival rewards Watsa s faith with US$1.2B gain
Michael Bellusci, Bloomberg News VIDEO SIGN OUT
Day traders have pushed BlackBerry Ltd.âs share price to levels not seen in more than nine years. Theyâve also given a jolt to a Canadian investment company that got crushed in last springâs market crash.
BlackBerry soared as much as 52 per cent Wednesday in New York after a brief trading halt. The stock reached its highest level since 2011, and is up about 300 per cent this year. That is repaying the patience of Prem Watsa and his Fairfax Financial Holdings Ltd., which owns 8.3 per cent of the software firmâs shares, according to data compiled by Bloomberg.
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Bay Street’s boys’ club has a long history of making nonsensical excuses to exclude women from positions of power.
One infamous incident occurred in 1976, when W. Earle McLaughlin, then chairman and president of Royal Bank of Canada, caused an uproar when he claimed the country’s largest bank couldn’t find a qualified woman to serve on its 48-member board of directors. Never mind that smaller rivals had already pulled off this seemingly impossible feat, including Bank of Montreal, Toronto-Dominion Bank and Canadian Imperial Bank of Commerce. Mr. McLaughlin insisted his bank came up empty after scouring the entire country for credentialled women.