Research in Motion to be Thinner (RIMM)
Billy Halleck had an easier time surviving in the movie "Thinner" than Research in Motion (RIMM) will have becoming (as their CEO said) a "lean, mean, hunting machine." Sure they will.
Research in Motion's new CEO Thorsten Heins gave his inspirational speech to the world proclaiming that upcoming BlackBerry devices would transform his dying company into a "lean, mean, hunting machine."
Mastery doesn't buy the 4th down Hail Mary play by RIM management, who does? Anyone? Bueller?
Research In Motion (RIMM) is trading at $7.42 and its shares are 3.77% from its 52-week low. Bottom feeders love that RIM shares haven't been this low since 2003 but who really cares? No outside buyers do, they have all passed at a chance to buy the company. Trying to catch a bounce in RIM shares is a risky bet. The Blackberry will soon be a distant memory like the Palm Pilot.
Bottom line: RIM will starve to death becoming a "lean... machine", so will investors.
Best of the Blogs
Scanning and identifying the best blog entries every hour
- Republican Confidence Soars To 9 Year Highs As Democrats' Comfort Crashes | ZeroHedge
- John Murphy on Intermarket Analysis and the Sequence of Market Peaks | Financial Sense
- Retail Nightmare Just Won't End: Sears Crashes On "Going Concern" Warning, Payless To File Bankruptcy In Days | ZeroHedge
- Paul Craig Roberts: "In America Today, Facts Cannot Compete With Lies" | ZeroHedge
- The Chart Showing What A Trader's Crash Course In Washington Politics Looks Like | ZeroHedge
- Bill Blain: "It Feels Like The Markets Are In A Limbo Phase" | ZeroHedge
- Banks Scramble For Free ECB Money: €233.5 BIllion Allotted To 464 Banks In Final TLTRO Operation | ZeroHedge
The most relevant financial news and articles from the Internets
- US officials warn that North Korea will test another missile soon | Business Insider
- The most important person in Hollywood just got his contract renewed | Business Insider
- These are the best sound bars you can buy | Business Insider
- Ocean City, Md.: America's Most Affordable Fun City | BusinessWeek
- The GOP's health care bill would widen America's big wealth gap | Business Insider
- UN: 'The worst is yet to come' with 400,000 Iraqis trapped in Mosul | Business Insider
- 'Deaths of despair' are on the rise among... | Business Insider