This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

RIM's Earnings: Get Ready for a Snoozefest This Time

And now, next Thursday, RIM reports earnings.

For the first time in over a year, I might not even listen to the call live. For as bad as he was, at least Balsillie kept me awake during that mid-afternoon space where I feel like taking a nap ahead of Spinning class. Now, from the supposedly "new" RIM, we no longer receive guidance and we get a snoozefest of a conference call from the less-than-dynamic Thorsten Heins.

The few remaining RIM permabulls will go into attack mode this week. They always do ahead of earnings.

I have to ask: No matter what happens on this call -- even if there's upside -- how can RIM bulls, Canadians, anybody with a heart and soul get angry at RIM bears? As RIM continues to cut staff by the thousands, Balsillie and Lazaridis receive money neither of them need. That's where investors should direct any and all outrage.

Even if Balsillie uses all of his spare time and fresh millions to bring the NHL to southern Ontario, Canadians should never forget the whole ugly episode he narrated at RIM.

The Canadian government should stand up and demand answers about what happened. Hopefully they can get them without lopsided securities regulations providing a safety net to the folks least likely to need what amounts to financial protection.

At the time of publication, the author had no positions in any of the stocks mentioned in this article.
2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $117.81 0.00%
FB $105.45 0.00%
GOOG $750.26 0.00%
TSLA $231.61 0.00%
YHOO $32.94 0.00%


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs