In case you missed it, CNBC’s Closing Countdown this afternoon reported that value investor Leon Coooperman’s Omega Advisors has purchased 1.425 million shares of Research in Motion (RIMM) as a new holding, according to federal filings Omega has made.
With the drop below book value last week of RIM’s stock, there has been speculation the shares might lure value investors.
Pacific Crest‘s James Faucette acknowledged as much in a note earlier today, while still refusing to recommend the shares.
RIM shares today closed down 47 cents, or 2.6%, at $17.58, but the stock is up 7 cents in late trading.
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