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
- Elizabeth Warren Needs You To Help Her "Blow Debt Free College Wide Open" | ZeroHedge
- This Is What Happens When A Millennial Tries To Get A Job | ZeroHedge
- Financial Insanity Grips The World | ZeroHedge
- Guest Post: America Has No Enemy More Lethal Than The Neocon | ZeroHedge
- Japan Pleases Markets With Surprise Growth | Financial Sense
- How Healthcare Is Dooming the U.S. Economy (In Just 3 Charts) | ZeroHedge
- Goldman Sachs Predicting $45 Oil by October | Financial Sense
The most relevant financial news and articles from the Internets
- The success rates of 'test tube babies' are nowhere near what people... | Business Insider
- Alex Rodriguez is quietly producing for the New York Yankees | Business Insider
- Ivanovic in hurry, Cornet wins error show | Business Insider
- There will be red:... | Business Insider
- Notable 52-Week... | StreetInsider.com
- Why a wife bonus makes complete sense | Business Insider
- Japan posts lacklustre household spending, inflation | Business Insider