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
Are You Still Paying With a Debit Card?
The average American spends $17,274 on debit cards a year, and it’s a HUGE mistake. First, debit cards don’t have the same fraud protections as credit cards. Once your money is gone, it’s gone. But more importantly you can actually get something back from this spending every time you swipe.
Issuers are handing out wild bonuses right now. With some you can earn up to 5% back on every purchase. That’s like getting a 5% discount on everything you buy!
Our top pick is kind of hard to imagine. Not only does it pay up to 5% back, it also includes a $200 cash back reward in the first six months, a 0% intro APR, and…. $0 annual fee. It’s quite literally free money for any one that uses a card regularly. Click here to learn more!
Flywheel Publishing has partnered with CardRatings to provide coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.