RIM Investor Believes RIM Will Take A While To Show A Turnaround

Prem Watsa, RIM’s 3rd largest investor thinks that it will take 3 to 5 years to rebound from their recent losses. He spoke at a meeting today Fairfax Financial Holdings’ annual meeting.

He’s also RIM’s newest board member. He joined earlier this year when the previous co-CEOs stepped down. There has already been an increase from 2.2% to 5% since then. Definitely a good sign, maybe it won’t take quite so long as he predicts but it won’t be overnight.