BlackBerry Limited (BB)

[GreenGenie]

Iridian Snuck In The Back Door

Iridian Asset Capital purchased over 14 million shares, a new purchase, making them the 5th largest stake holder in BBRY.

Their philosophy is interesting:

http://www.iridian.com/

PHILOSOPHY

Investing in “corporate change” is the cornerstone of Iridian's mid-cap investment philosophy. We believe that while markets are generally efficient in determining value, they regularly fail to discount the long-term strategic and investment implications of dramatic structural change in a company or industry. This process of change can result not only in a significant transformation in the financial performance of a company, but also in the way a company is perceived and hence valued by the market. Our goal is to tap into “corporate change” opportunities before they are fully recognized or valued by the market.


My sentiments exactly.