Results 1 to 9 of 9

Research In Motion is in the right place but at the wrong time. It's high-end ... Smartphone News forum

  1. #1
    hayden's Avatar
    hayden no está en línea Stack Mod
    Join Date
    Jul 2004
    PIN/ID
    ask
    Posts
    12,440

    Analyst cuts forecast for BlackBerry maker

    Advertisement



    Research In Motion is in the right place but at the wrong time. It's high-end handsets are what the people want, but they don't want them now.

    Shares of Research In Motion Ltd., the maker of the BlackBerry phones, fell Tuesday to their lowest levels since 2006 after a J.P. Morgan analyst cut his earnings forecasts due to the global economic crunch.

    The stock fell $2.48, or 6.2 percent, to close at $37.32. Earlier, it went as low as $35.76. As late as June, the stock hit $148.13.

    J.P. Morgan analyst Paul Coster kept his earnings estimate of 86 cents per share for the fiscal third quarter, which just ended, but lowered his estimate for the quarter ending in February by 2 cents to 83 cents per share.

    For the next fiscal year, which starts in March, he lowered his earnings estimate by 15 cents to $4 per share.

    Coster still expects the Waterloo, Ontario, company to grow its sales volumes significantly throughout the downturn. Other analysts have noted that "smart" phones like BlackBerrys and Apple Inc.'s iPhone have been doing relatively well even as the overall cell phone market is starting to shrink.

    RIM is "benefiting from massive sell-in of a new product portfolio, set against a significant slowdown in consumer and enterprise demand for handsets," Coster wrote.

    He kept an "Overweight" rating on RIM's stock, saying it is undervalued even considering the reduced forecast.

    RIM is set to report its fiscal third-quarter results on Dec. 18.

  2. #2
    wrxboi's Avatar
    wrxboi no está en línea Stack level 3
    Join Date
    Jul 2006
    PIN/ID
    R.I.P
    Posts
    184
    Buy Low and Sell High!!!!
    WRXBOI
    wrxboi69@googlewave.com

  3. #3
    latin_teacher's Avatar
    latin_teacher no está en línea Stack level 2
    Join Date
    Jun 2008
    PIN/ID
    3057ba33
    Posts
    88
    Lol I would have to agree with you on this one. Had 2000 shares sold them at 120 each bought it at 87 a share. Not bad. Thank god I sold them when I did lol. Already got burned by nortel back in the day! ~via BB (wap.pinstack.com)~

  4. #4
    wrxboi's Avatar
    wrxboi no está en línea Stack level 3
    Join Date
    Jul 2006
    PIN/ID
    R.I.P
    Posts
    184
    Nice chunk of change!
    WRXBOI
    wrxboi69@googlewave.com

  5. #5
    RCode's Avatar
    RCode no está en línea Stack level 3
    Join Date
    Mar 2007
    PIN/ID
    304F0A29
    Posts
    139
    It's almost impossible to predict what this market is going to do. You can become rich buying and selling at the right time... or you could loose a lot of money! Everything is at such a high risk.

    I've heard that the tech stocks aren't looking so good right now.

  6. #6
    jblackfish's Avatar
    jblackfish no está en línea PINStacked!
    Join Date
    Dec 2007
    Posts
    11,116
    Quote Originally Posted by RCode View Post
    It's almost impossible to predict what this market is going to do. ........................
    It's going down IMO - for quite a while. Be careful trying to time buying and selling. As you said, you could lose a LOT of money if your timing is off.
    For every complex problem there is a solution, that is simple, neat, .....and wrong! (H. L. Mencken) jblackfish(at)pinstack(dot)com

  7. #7
    oscarlozano1's Avatar
    oscarlozano1 no está en línea Stack level 1
    Join Date
    Jan 2007
    PIN/ID
    2432E12B
    Posts
    16
    IMO; the Tech stocks are the one's balancing this economic stress, even though they are very high risk given the circumstances...

  8. #8
    Threekings's Avatar
    Threekings no está en línea Stack level 3
    Join Date
    Mar 2007
    Posts
    102
    Good info. Thanks Hayden. Maybe time to pickup some shares.

  9. #9
    TeriO's Avatar
    TeriO no está en línea Stack level 3
    Join Date
    Sep 2008
    Posts
    278
    Quote Originally Posted by Threekings View Post
    Good info. Thanks Hayden. Maybe time to pickup some shares.
    I was just thinking that same thing. They may still go down a bit, but they ARE going to eventually go back up again.

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •