Nelson Obus invests in 2.1 million shares of Struggling Handset Business



No, not Apple. BlackBerry…sillies.

Sounds kind of funny to hear it described that way now, and you don’t hear it anymore do you? What a difference a year makes.

So who is this foolish investor?

Nelson Obus is the co-founder Wynnefield Capital, a value-based hedge fund based in New York. Since its inception in 1992, Obus has consistently posted double-digit returns for his clients. Today, he’s one of the most respected investors in the world.

According to recent SEC filings, Obus has been building a position in BlackBerry. As of September, he owned about 2.1 million shares of the former tech giant. At the time, that represented his eighth largest position and nearly 10% of his total portfolio.


I am a long time BlackBerry user and fan. Beginning with the 7520, I have recognized the value of subtle productivity enhancements in BlackBerry devices for business communication and have never since strayed. Even when the iPhone took the market by storm, I was unimpressed, because it did nothing to help my business needs. Currently enjoying my one handed dream phone, the Classic! BB10 with a toolbelt! Today I contribute to UTB whenever I feel that I can help enlighten someone on the benefits of using BlackBerry over any other platform.