Everything is fine at Research-In-Motion (RIMM). At least as far as anyone can tell. EPS is expected to be $.69 in the current quarter, up from $.33 a year ago. Sales are supposed to double. According to Thomson, the median price target Wall St. has on the stock is $140.
But, the shares in the company are down from 52-week high of over $137 to $85. Over the last three months, the shares have fallen more than Apple’s (AAPL).
There is some reason to believe that RIMM is better off than the Mac and iPod company. A lot of the sales for Blackberry products are to businesses. They are a cheap way for firms to give people a mobile communications device. Revenue for this kind of product may be absolutely fine.
The stock price says otherwise.
Douglas A. McIntyre
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