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Balsillie and Lazardis resign... (pg. 2)
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| Skipper |
It's amazing that Balsillie got that much last year. I was out with a friend tonight that's a pilot for Air Canada and he said, "how much would I get paid if I ran a plane into the ground?" He's got a point.
I didn't see what the stock closed at today, but in any event, the fact that it went down to me says, investors will not be convinced by anything other than hard numbers anymore - new subscribers and increased share.
I personally don't ever see anyone lining up for hours in advance of the release of a new blackberry. It's hayday is over, IMO. As Kevin O'Leary would say, "it's a nothing burger" |
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| patpicos |
| quote: | Originally posted by Skipper
It's amazing that Balsillie got that much last year. I was out with a friend tonight that's a pilot for Air Canada and he said, "how much would I get paid if I ran a plane into the ground?" He's got a point.
I didn't see what the stock closed at today, but in any event, the fact that it went down to me says, investors will not be convinced by anything other than hard numbers anymore - new subscribers and increased share.
I personally don't ever see anyone lining up for hours in advance of the release of a new blackberry. It's hayday is over, IMO. As Kevin O'Leary would say, "it's a nothing burger" |
Ended at $15.67 down 9.11% |
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| Mach X |
I'd still buy it...
I don't think Canada (not the Gov't) would let this company die, they should have learned their lesson from Nortel.
And as pointed out above, RIM is more than just that Bold, Torch or PlayBook you have, they're responsible for and own many other sorts of technology. They will either succeed, or be bought/merge/acquired from a massive corporation which could only be positive for their stocks.
I highly doubt RIM will just go find quiet spot in the woods and go die. |
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| malek |
| Why would you buy it? Are you basing your decision on anything else than a leap of faith? |
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| Skipper |
| quote: | Originally posted by Mach X
I'd still buy it...
I don't think Canada (not the Gov't) would let this company die, they should have learned their lesson from Nortel.
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Huh? nortel went down from accounting fraud.
I don't really think we practice "too big to fail" here in the north! |
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| Mach X |
If I had money... 100% I would.
Not a leap a faith, but recognize it is gamble, an educated gamble perhaps. But all market related situations are in some way or another.
I just foresee the RIM bouncing back, hopefully in the smartphone market, but doubtful that will return to it's 2006/2007 days.
Scraping the BB OS and moving with the QNX/BBX/BB10 should help, I hope it's not too late, but if they can make a smartphone that is PlayBook robust, I think they have a chance.
I was watching the CBC and the countries and demographics its sales are increasing in are all emerging markets where the capital gains could be enormous if handled correctly.
RIM could one day say this , and sell their entire Enterprise/BES technology sector to the highest bidder, and which there will be many if this time ever needs to come.
Just gotta keep an eye on it, a close eye.
But I predict that the stock will rise again, maybe not to $100+ as it once was, but it will be double or triple what its current value is in the next year or two.
But that's my educated guess from limited knowledge of markets and financials, but a formidable knowledge of their technology and potential. |
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| Moral Hazard |
| Let's not forget that RIM owns a bunch of technology that other manufacturers would love to have, they are still the market leader in Asia and is either 1 or 2 in Europe, and have zero debt. Being de-valued as they are they are an incredibly attractive take over target. A take over would cost any purchaser a premium over the current stock price. Either they will bounce back and stock prices will go up or they will get bought out at a higher price per share than the market is currently calling for. Whichever of these senerios comes to fruition anyone who buys in now is quite likely to turn a tidy profit, which is why Fairfax Financial is upping their RIM holdings (not coincidentally I am upping my Fairfax holdings)... Prem Watsa is one of the most savy investers out there right now; if he's buying into RIM you can bet your ass that it is a good buy (especially now that he has a seat at the board table). |
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| Skipper |
| Which insiders own a lot of stock? |
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| LightsOut |
Agree with Moral Hazard.
This whole notion that RIM has crashed and burned in the last few years is pretty ridiculous imo.
RIMM's estimated 2011 revenues are around $19.9 Billion, they are still a VERY profitable company. They have no debt and own an insane amount of in demand technology and patents.
With OS10 devices around the corner and a new CEO, now is the perfect time to pick up RIMM stock on sale. |
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| Dr. Z |
Why does everybody seem to think RIM is "in trouble" ? Their revenues are growing quarter by quarter and the subscriber number is increasing every quarter.
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I guess people are so focused on that one lone number, the stock price. Most people have no clue what that number even means. |
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| GGM |
I wish them the best and think they still have a good shot, but in terms of their phone sales in developed countries I think they're quite screwed for the foreseeable future. Sure QNX will be great in anywhere from 5-11 months but by the time it comes out Apple will be on iOS 6 probably and god knows where Android will be. Not too mention the app situation where you might have a solid OS but no apps (pretty much the case on the Playbook right now). To top it off they have brutal fragmentation issues and even though their app world lets developers keep more of the sales revenue than Google or Apple it will be hard to get anyone back.
For hardware they're supposed to be pushing out a dual core in the same time frame as above, but there's already multiple quad core phones announced that should be out in a matter of months. It's a constant catch up game and if they really had to postpone their QNX phones for dual core processors someone over there needs to get canned because other manufacturers have been using them for a year.
Not entirely sure if ditching their phone division is the right move because they're still hot in many emerging markets out there. But in my opinion one thing that is for sure is that they need to start using their patents to make licensing deals that net them a share of other's revenue. Microsoft makes tons of the cell market and not much of it is from sales of phones running their OS, it's from simple deals with developers and manufacturers who can actually make a good product. The new CEO is a good sign of hope as one of his first statements was saying they were open to licensing their new OS. A simple statement but something the former duo never let on at all. |
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| Nrg2Nfinit |
| lets not forget about the 24 + million shares + options balsillie has. |
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