Just to gloat a little, RIM stock is up over 50% since I made my post below in August 2012. It is up another 16.5% today on the Toronto Stock Exchange (I own RIM.TO which is priced in Canadian Pesos). I am up over 40% on the stock overall as I sold most of it on the way up.
My other main stock is Nokia (NOK). I am up over 25% on that too in the past few months.
Buy low, sell high.
My next stock is Best Buy (BBY) currently at 11.57. They had a bad quarter with bad earnings and the stock has dropped to the lowest price since 1998. The market did not factor in Hurricane Sandy and the fact that 15-20% of BB stores were closed. Not to mention that the founder and previous CEO offered $24/share for the company three months ago which was turned down by the board of directors.
I expect both of: (1) much better earnings next quarter; and (2) the potential buyout at $17-20 before the end of February 2013.
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 with a market cap of around $4 billion.
RIM has:
(1) NO debt;
(2) has $2.2 billion in cash reserves!
(3) owns $2.5 billion in patents;
(4) 78 million BB users;
(5) owns its buildings/real estate; and
(6) a great enterprise server business.
Plus the stock market guru, the Warren Buffet of Canada, just bought a huge chunk of the company (10%, 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.....
|