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Registered
Join Date: Apr 2000
Location: Mid-life crisis, could be anywhere
Posts: 10,382
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Quote:
Originally Posted by coldstart
Apple is a great company that has a lot of hype.
That said, its share price is unlikely to double or significantly increase much more. How many people can buy the same one phone and the same one tablet. Doesn't anyone want to be unique?
Personally, I like beaten down stocks that have the ability to double, triple or even quadruple. In the tech sector, RIM (ticker: RIMM) the maker of Blackberry phones is down almost 95% from its peak. It has six new phones, a new operating system (BB10) and a new set of enterprise servers all coming out around January 2013. For under $7 per share, it is a steal.
RIM has:
(1) NO debt;
(2) owns $2.5 billion in patents;
(3) 78 million BB users;
(4) a great enterprise server business;
(5) owns its buildings/real estate; and
(6) has $2.2 billion in cash reserves!
Plus the stock market guru, the Warren Buffet of Canada, just bought 10 million shares (averaging down). I think it is a better buy than Apple even though the media is harsh on anything RIM.
It may just be that I am Canadian and everyone here is a Crackberry addict.....
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2005 just called and wants its Crackberry back!
__________________
'95 993 C4 Cabriolet
Bunch of motorcycles
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08-24-2012, 12:56 PM
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