Every news article talks about RIM tripling off its lows. It makes no mention that the stock is up about 5 % YOY or down 87 % from its al ltime highs. All this news is designed to make that " mythical investor " who bought from the 6 to 9 dollar range ( which lasted about 4 months ) to part with their shares content they made the double. RIM should be worth 50 B a year from now or about 90 a share. I had posted earlier that if RIM were to take 1 % from Google/Samasung, 1 % from Apple and 1 % from Nokia//microsoft it should triple in market cap or go to about 54 a share. We al lnkw that Apple is now inserious trouble, apple is right now where RIM was at 50 2 years ago. alot of hype ....and alot of fear.Why? Its grown too big and run out of growth , its the Barrick gold of teck. and now listen to the talk, a cheaper i phone ( margin compression ) , obsolete inventory, declining app revenue as the "coolness " fades and people buy other phones etc. And its operating system is old and has no other uses.
In the last week we had RIM approved for VISA and open chatter from LENOVO about takeover or licensing.Thats alot of faith for a company given up for dead. I think the estimates r very low and the media keeps emphasizing the move from 6 dollars rather than year over year. Some one is going to make alot of money buying ur cheap shares at 18 and holding them for 90.