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+--- Thread: Buy Rimm (/thread-7171.html)
Buy Rimm - Captain - 09-25-2012
[size=12px]esearch In Motion Limited ([color=rgb(0, 0, 153)]NASDAQ: RIMM[/color]) is perhaps going to be the most widely followed earnings report for this week out of the known companies due to report. The troubled smartphone maker is set to report on Thursday after the close of trading and it is safe to say that the old “value stock at just 4-times earnings†no longer applies. Not by a long shot.[/size]
[size=12px]We argued for months and months that the cash balance, the number of subscribers still in the base, and the positive earnings at the time were not relevant because the long-term trends were all that mattered. The competition from Apple Inc. ([/color][color=rgb(0, 0, 153)]NASDAQ: AAPL[/color]) and Google Inc. ([/color][color=rgb(0, 0, 153)]NASDAQ: GOOG[/color]) have just overwhelmed the company’s market share in smartphones. The company has also faced massive internal pressures after so many mistakes have been made. Now RIM does not even operate profitably.[/size]
[size=12px]What makes this week’s report so critical is that RIM shares hit a 52-week low (also a multi-year low) of $6.22 on Monday. Its short interest as of the end of August remained very high at 87.479 million shares. While that is not a record in the nominal short interest, this was a record on the days to cover ratio of almost 7.3 days.[/size][size=12px][/size]
Re: Buy Rimm - ketchim - 09-25-2012
Oye . Buy Canadian ? ::redface::
Re: Buy Rimm - chairman - 09-25-2012
rimm at 6.50
Re: Buy Rimm - ketchim - 09-25-2012
Lokkit here ,
there is only 1 M ....RIM .... [img alt=
ad:]http://www.westindiesforum.com/Smileys/default/sad.gif[/img] Research In Motion ...
Re: Buy Rimm - Snoopster - 09-25-2012
It's going to be hard for RIM to bounce back. They are going to have to come out with a truly innovative and ground breaking device to upstage iPhone and Android phones at present. The Blackberry 10 phone and OS is set to be released in Jan 2013 but from what is see (video below) it's not going to solve RIM's problems but as always, the market will decide.
Re: Buy Rimm - Captain - 09-25-2012
they were the pioneer of smart phones and they got left behind
Re: Buy Rimm - ketchim - 09-25-2012
I rather doubt that , Snoopster !
They are waaayyyy behind !
Re: Buy Rimm - Snoopster - 09-25-2012
[quote author=The Captain link=topic=71612.msg444305#msg444305 date=1348600829]
they were the pioneer of smart phones and they got left behind
[/quote]
Yep. In the smart phone market you're either a leader or a hopeless follower. First was Nokia. They had the market by the balls but then they let RIM come in with email and internet functionality. RIM then lead for a quite a time, especially in the corporate/business world. Then came Apple's iPhone and blew them, and everyone else, out of the water with APP and touch screen functionality. Now we have Android phones like the Samsung Galaxy S3 which are giving Apple a real run.
Neither Nokia nor RIM will ever get back even a fraction of their previous market share because neither are innovative enough to come out with the next big thing in the smartphone world. And that's what its all about - the next big thing.
Re: Buy Rimm - ketchim - 09-25-2012
I wanna buy out my Bell contract and get the I phone 5 !
Re: Buy Rimm - Snoopster - 09-25-2012
[quote author=ketchim link=topic=71612.msg444322#msg444322 date=1348601624]
I wanna buy out my Bell contract and get the I phone 5 !
[/quote]
What phone do you have now?