The stock is trading at an absolute bargain. It's fallen more than 9% today and recently traded around $41. The stock has lost almost 60% in the last year and is trading right near its 52-week low. But -- like I said -- in the long run, this is a good company with good products, and once we get past this immediate pain in the market, this stock should rise, and the price it's trading at today will be only a dream.
Some other reasons I like this company: It has a return on equity of almost 44%, it has solid revenue at $8.38 billion and $1.55 billion in cash. Its PEG ratio is only 0.35, while its forward price-to-earnings ratio is 9.13, which is very low and shows me Wall Street's confidence in lacking in this company. That's good news for me because it allows me to pick up RIMM on the cheap. Keep moving the chains.- Loading Comments...
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