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Originally Posted by I-Hate-Hulse
RIM getting pounded today, down to $59.xx. I don't agree with the CIT analyst that downgraded them on the basis of competition from Motorola's Android. Ultimately I don't expect the hit to be as bad as he's citing right now.
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I agree. It is trading at 13X earnings and 25% earnings growth. Apple is growing a bit faster but Nokia and Motorola are the ones losing market share. RIM is a great company with great management and a great product going through a rough patch until they release their latest and greatest gadget. This sector has been commoditized and there is a ton of competition, specifically from Apple, which have a lot of apps that RIM doesn't have. iPhones are eating into them right now and unless they can come out with a killer app it could have significant problems. If you could get it around $55 right before Christmas for a short hold I don't see much risk. RIM is very widely held and followed though.