NEW YORK ( TheStreet) -- Facebook (FB - Get Report), Research In Motion (RIMM), and Exxon Mobil (XOM - Get Report) closed at lows of the year Monday. They represent three different industries, devalued for different reasons, and three very different likely outcomes; however, they all share one important characteristic: You can make you money with them if you time your investment correctly.
RIM closed in single digits Monday for the first time since December 2003. For a company that remains cash-flow positive (with a possible loss in the current operating quarter) and profits of $2.22 a share in fiscal 2012, it's clear the BlackBerry is being thrown out with the bathwater.
The upcoming June earnings report is expected to bring another massive writedown in inventory (recall that RIM wrote down $465 million worth of dust-collecting PlayBooks about six months ago), wiping out this quarter's earnings. It doesn't matter though if RIM makes a profit or not (Read my RIM's valuation calculation article).The latest earnings warning once again knocked the legs out from under the stock, but the market is overreacting. As I described in my valuation article, the liquidation value is much higher than the stock price. Investors want RIM to make money this quarter, however guidance is at least breakeven on a cash flow and net basis. RIM's CEO Thorsten Heins is hoping to buy time to either get the best price possible or for BlackBerry 10 (BB10) to turn things around. Don't count on RIM pulling a Nokia (NOK - Get Report) with BB10.