Time to Hang Up on RIM?
NEW YORK ( TheStreet) -- Just two months ago, Research In Motion (RIMM) was trading ever so close to its net current asset value, which can be either hallowed ground for deep value investors or a place companies end up just before they begin the spiral toward going under.
In RIMM's case, this was a momentary phenomenon for a company that has had its share of troubles in recent years.
By my calculation, the company never actually traded below net current asset value, and investors reacted swiftly, rescuing it from net/net land by scooping up shares that appeared to be priced for an early demise.
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