Fairfax Holdings' Prem Watsa and Research in Motion: Value Trap? (RIMM; FFH.tsx)

I did not realize that Fairfax had 17% of its portfolio in this one deal. Ouch.

From Insider Monkey:
Did the Warren Buffett of Canada Fall into a Value Trap? 

 Fairfax Holdings, founded by the “Warren Buffett of Canada” Prem Watsa, has been burned in the last year with its large position in Research In Motion (NASDAQ:RIMM). Prem Watsa is largely known for his value-type investing, a strategy where an investor purchases companies trading below its intrinsic values. At the end of Q1 2012, Prem Watsa was holding 17% of its portfolio in RIMM, an accumulation that began in Q3 2010. Whereas Prem Watsa sees an undervalued stock, most investors see a fallen angel who can’t get back up....MORE