RE:RE:Is Prem Watsa the reason..... Sorry, you changed my mind. You can't take everyone's side.
You said:
"At the same time, he is a man who has successfully run Fairfax for 35 years."
13 years ago, Nov 2007 Fairfax (FRFHF) first reached $298, the same closing price of Friday, July 2020. Fairfax paid a dividend of $120 during this period. In other words, the one who invested 13 years ago in FAIRFAX made a profit of 40%. Extremely weak compared to the market.
You can't call it "successfully run."
8 years ago, in Jul 2012, BB (RIM) was $7, when Watsa (FAIRFAX) became the largest shareholder. Today BB (RIM) is 33% lower at $4.73 even if it had a lot of help from the canadian gouvernement, official and unofficial.
You can't call it "successfully run."
I understand when you take the BB side of the products, me too, even for Chen sometimes, but you can't take everyone's side of BB because the stock price is a "MISERY". You become susceptible to being here as an employee. This company in which we are shareholders of "a lifetime" has done nothing for retail shareholders, only to destroy their lives in the name of job retention and to compensate large participants to name only two Ontario Teachers Plan and Iridian. 2017-2020 in-out-in when the price goes from $6.5 to $14.5 to $2.7. Can you tell me if Watsa is out of this? I do not think. Neither Chen nor Watsa could intervene to stop this fluctuation? At least one was an accomplice. If I can say about Chen that he works for BB products, then Watsa works for BB money and he is behind the BB news and its stock price, the only important thing for retail shareholders.