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Prem Watsa's million-dollar BlackBerry bet

On Christmas Eve, BlackBerry Ltd. director Prem Watsa picked up 129,000 shares of the smartphone company at $7.71 (U.S.) (the stock trades on the Nasdaq and TSX). He made the purchase on an indirect ownership basis for an Ontario numbered company. Such holdings are considered beneficial in nature, which, from our perspective, imply the insider will enjoy the gains or feel the losses of the investment in one form or another. This is the first public-market officer or director beneficial ownership purchase of BlackBerry stock since the Nov. 4 management shakeup.

Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at www.inkresearch.com. Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.

Infographic reflects public-market transactions of common shares or unit trusts by company officers and directors.

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