Prem Watsa, Research In Motion’s third largest investor and newest board member, said on Thursday at Fairfax Financial Holdings’ annual meeting that the company might take from three to five years to completely turnaround.

Watsa joined the board of directors when ex-CEOs Jim Balsillie and Mike Lazaridis stepped down from their CEO positions. He claims that he sees it as a long term investment, and has increased it from 2.2% to more than 5%.

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via ninemsn