EdgePoint just revealed a major position in $BB — 12.2M shares, now 2.07% ownership. BlackBerry is now their 29th largest position in a $12.7B portfolio. Not a meme buy. A deep-value, long-term bet.
"THE EDGEPOINT WAY TO INVEST
We're long-term investors in businesses. We view a stock as an ownership interest in a company and endeavour to acquire these ownership stakes at prices below our assessment of their true worth. We believe that the best way to buy a business at an attractive price is to have an idea about the business that isn't widely shared by others - what we refer to as a proprietary insight.
Proprietary insight is a fancy way of saying that we look for positive changes inside a business before they become obvious to others.
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