I recently penned a missive after Research in Motion (NASDAQ:RIMM) reported better-than-expected earnings, with the rather snarky title “Say RIMM Stock is Back With a Straight Face – I Dare You.” A handful of readers took to the comment section to tell me I unkind, uninformed and just plain wrong about RIMM stock … so like any self-aware blogger in the 21st century, I felt it my duty to re-examine the issue with a third party to see if I was in fact being a crackpot.
Turns out… no. Click and take a listen using the player embedded here.
Tom Taulli — a veteran tech analyst, InvestorPlace.com writer and the author of “How to Create the Next Facebook” — agrees with me on RIMM stock. The gist: Apple (NASDAQ:AAPL) is killing it on margins while Research in Motion is discounting BlackBerry handsets just to get bought. Meanwhile Google (NASDAQ:GOOG) is winning the market share war with some 68% of global smartphones running an Android OS.
Take a listen for the full rundown of challenges, including the shrewd point made by Tom that even if BlackBerry 10 technology is superior (a leap of faith to make that assumption to be sure) that in itself doesn’t guarantee success for RIMM stock or the company as a whole.
- A great post on Asymco on RIM reverting to the mean (Asymco)
- Research in Motion’s Monty Python-esque “I’m not dead yet!” moment (The Buzz, CNNMoney)
- Tom made a short recommendation on RIM way back in 2011 when the stock was at $60. Nice call. (InvestorPlace)
- If you missed it, my inflammatory column saying Research in Motion will eventually go to zero. (The Slant)
- Oh yeah, and a recent post saying ALL tech stocks may be in trouble. (The Slant)
Jeff Reeves is the editor of InvestorPlace.com and the author of “The Frugal Investor’s Guide to Finding Great Stocks.” Write him at firstname.lastname@example.org or follow him on Twitter via @JeffReevesIP. As of this writing, he held a long position in Apple but no other stocks named here.
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