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.