Research In Motion (RIMM)
Background: Research In Motion is a world leader in the mobile communications market and has a history of developing breakthrough wireless solutions. The company was founded in 1984 and is headquartered in Waterloo, Canada.
52-Week High: $24.7452-Week Low: $6.22 Book Value: $18.61 Analysts are more or less side-stepping this one like a politician avoiding a hot topic. Twenty out of 35 rate RIM a hold. One recommends a buy and 14 recommend selling. The average analyst target price for RIM is $8.96. If you can pick up shares under $6.75 (which is often lately), buy lightly as it moves lower, and sell above $7.25. Rinse and repeat until they get bought out. RIM is going to get bought out in my opinion. I just don't see a way around it. Billions in intellectual property, plenty of subscribers including highly coveted government contracts. They are burning cash, but they have enough to heat all of Canada without worry. The shares have fully discounted the situation and the balance sheet is greater than the share price after removing goodwill and other near valueless assets on the sheet. The short interest is anything, but short. The number of shares shorted are markedly elevated and should be treated as warning that shorts anticipate upcoming price weakness. The current float short is 17.7%. RIMM Revenue data by YCharts