Quote from Nine_Ender:
I think anyone who shorted this thing the last few months might want to take profits now.
Takeover bid, start a dividend, improved outlook, etc etc. Any of these events would be a shock to the bears. On the downside, how much lower could it really go ? Honestly, maybe I'm missing something here, but how many money makers with no debt actually drop to P/Es of 4, 3 or 2. I'd love to hear about them it would lend some perspective.
Quote from Nine_Ender:
You mean risk $10-$30 profit to make $5 ??? Missed your short call today, I didn't say go long, I said protect your profits prior to earnings. Sorry that went way over your head.
Quote from S2007S:
Nine ender why are you so bullish on this company, it was a given fact that a year ago this company would be struggling, everyone I know owns either an Iphone or a HTC running droid. Rimm has too much competition, they were on top of their game and now have finally lost it. They think by releasing a tablet that they might just continue to stay in trend, not going to happen, even though they sold 100,000 more than expected it will not mean much for their bottom line moving forward. No company stays on top forever.
Quote from Nine_Ender:
AAPL was $9 a share in 1999. You'd have been saying the same thing about them at that point. In terms of "staying on top", I've seen IBM, AAPL, ORCL, INTC pretty much stay on top no matter what happens for decades. Seen this story many times, RIMM has the same advantages ( strong workforce, innovative culture, established distribution channels, strong balance sheet ).
Bashing RIMM is a CNBC / US analyst induced hysteria that is very much American in nature. I suppose if Canadians had the same nature, we'd be forever bashing your banks and the pathetic subprime business that brought your country to its knees in late 2007.
If RIMM went under, they would do so after making the principals hugely rich, costing the taxpayers nothing, and owing nobody anything at all. Certainly no Lehmann, that's your American baby to deal with, and we get to deal with RIMM in Canada. Easy choice, RIMM is well liked in Canada, even when they only make $5 a share this year.