Friday, March 30, 2012

Okay RIMM now a acquisition play

Stock is still a value. They aren't going to lose profitability any time soon IMHO but they need to take serious action very soon in getting value.

CEO fired old guard, is talking strategic alternatives (open to buy out), refocusing the business and getting maximum value for shareholders. Subsriptions up to 77 million but might turn soon.

Still depending on QNX (BB10) which is a big risk but think about this. Motorola mobility was bought for 12.4 billion with a shitty business and very low profitability. These guys can do much better and their current market cap is at 7 billion.

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