Research in Motion's longshot comeback effort - Smarter Investing
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That was a month ago too. Their chances have improved a little, even if the stock price has dropped since then.
"Yet things can change very quickly in mobile technology and the game may not be over yet for at least RIM. Check out the rip-roaring performance of RIMM, which shot up nearly 3% to $11.98 on Nov. 26 after yet another favorable brokerage write-up. (The stock is still down about 17% on the year.)"
At least one unbiased article with a glimmer of sympathy.
Half a year ago, I was expecting RIM bleeding big time well into launching BB10. They are now a lot better than I thought in terms of cash flow, subscription base, margin, and clearing inventory of BBOS devices.
I think we have seen the worst in terms of sentiment. the next quarter will be bad in short financial terms as costs will be incurred and booked for BB10 launch both in manufacturing and marketing but revenue will not be booked until later. This, I hope, will be off set by overwhelming adoption and keep sentiment positive.
Happy for RIM. Given present management team, I seriously believe they will be back with a bang.
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I am really hoping RIM comes back. I've had a BB since 2004, been with them through their rise to $144 a share and came along for the horrible years beginning in 2010. Through 2011 and into 2012 I argued with plenty of people on this very forum that they were not in trouble, that the dips were not significant. Well those people were dead right and I was dead wrong.
I ate plenty of crow, believing in RIM and buying stock back then. I'm ready to have that trend turn now and have a dish of something a bit more appetizing.
However, my lesson has been to withhold hope and trust. I'm still out plenty of moolah from the last time I was bullish on RIMM. I hope for the best but I'm not blind to the past.