You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
RIMM $33 or $53?
- Thread starter newguy05
- Start date
Quote from taowave:
no doubt the huge growth days are over..
but they are still doing 35 % yoy.The stock is priced at 1% growth off of discounted cash flows..
skype was taken out at 9x sales with no earnings...
Thats because microsoft paid too much!
msft paid that much because they were worried someone else was going to buy them out before they went public!
Wallstreet is back in the game where too much money is chasing to few companies, thats what happens when you pump a system with trillions in cash and stimulus, that also happens when you leave easy money policies at historical lows for extended periods of time.....
In Bloomberg the other day they said that Motorola had 22% of market share in cellphones in 2006. Now they have 2.1%. In the 1990's, they were the cellphone company.
I remember that Motorola created the whole cell phone as a fashion acessory with the v60. Now they are a has been.
Could RIMM be the same way?
I remember that Motorola created the whole cell phone as a fashion acessory with the v60. Now they are a has been.
Could RIMM be the same way?
apple's a joke. I wouldn't use an apple product if it was the last thing on earth. They cater to the cult-driven morons that like to pay a hefty premium for a piece of fruit (which happens to resemble a large portion of their customer base too).
Quote from Nine_Ender:
Funny thing is you could get AAPL for under $9 a share in 1999.
I would imagine the same kind of silliness was being posted about how AAPL had lost market share and was going under.
Fact is, RIMM is in a growth industry with huge earnings streams. Obviously they did something right in the past, and the possibility exists they can again innovate and succeed in the future. I wonder what AAPL looked like in 1999 to investors.
Of course, you could always gamble on debt laden firms like Citigroup instead. Much, much better chance they go bankrupt then RIMM ever will. In fact, if RIMM gets much cheaper, they'll be a prime takeover target. How cheap can they get though with $8 a share in CASH on their books and probably at least another $5 a share coming the next 12 months ?
You gorgot to mention THE most important ingriedient in comparing RIMM to AAPL:
Steven Jobs.
Maybe MSFT can buy RIMM, instead of the rumored NOK, might be the best they can hope for...as it's game over for the cell phone market for RIMM, longer term.
RIMM has basically no apps, compared to the AAPL & Android platforms. I should know, been using a RIMM phone for several years, and am actively looking for a new phone...I believe I'm not the only one, looking at the numbers, and warnings from RIMM's management...
Again, they should be looking for the next Steven Jobs...
$33 would be my guess...
Quote from S2007S:
Growth industry?
Rimm has seen there days of huge growth, everyone who had blackberries are now using android and iphones. I had a friend who just started a position in IT, they gave him a brand new iphone 4!
rimm of course tried to play catch up in the tablet industry, looks like another failure to me. This stock is headed down, growth is done with for this company, there is just too much competition out of too many companies today, they had the lead and are now losing it.
Keep in mind that in late 2010 they came out and said guess what were not going to release subscriber growth stats anymore after the December 2010 earnings release.
They are losing more customers now than any other time in the companies history!
Unless they can come out and completely change the industry they are going to continue and lose customers!
SELL RIMM, price target below $40.
Rimm earnings are just downright pathetic. They can release any new phone or tablet they want and will still lose major market share moving forward. The trend is over for blackberry.
Research In Motion (RIMM)
After Hours 5:18:27 PM EST
30.03 -5.30 (-15.0014%)
Volume 7,139,302
Market Close 4:00:16 PM EST
35.33 +0.16 (+0.45%)
Quote from Nine_Ender:
Funny thing is you could get AAPL for under $9 a share in 1999.
I would imagine the same kind of silliness was being posted about how AAPL had lost market share and was going under.
Fact is, RIMM is in a growth industry with huge earnings streams. Obviously they did something right in the past, and the possibility exists they can again innovate and succeed in the future. I wonder what AAPL looked like in 1999 to investors.
Of course, you could always gamble on debt laden firms like Citigroup instead. Much, much better chance they go bankrupt then RIMM ever will. In fact, if RIMM gets much cheaper, they'll be a prime takeover target. How cheap can they get though with $8 a share in CASH on their books and probably at least another $5 a share coming the next 12 months ?
$23. There's your answer. Nice long call you made.