Week Two is in the books -- complete with a bonehead Monday night play many soon will not forget. The Oakland Raiders got their first win of the season as rookie running back Darren McFadden had an impressive game and the New York Giants, Dallas Cowboys, Pittsburgh Steelers and Green Bay Packers kept rolling, all improving to 2-0.
We witnessed a blown call that helped the Denver Broncos and cost the San Diego Chargers big time. Also, we saw a little too much of Washington Redskins' tight end Chris Cooley, who showed more than expected when he posted a photo of the team's playbook on his popular blog, but inadvertently posted the photo of him studying the plays in the nude, capturing part of his anatomy in the shot.
The story lines from Week Two were endless -- and many of the most talked- about stories were not about great plays on the field -- but rather bonehead moves, calls, or drama off of it. Highly regarded referee Ed Hochuli clearly blew that fumble call, giving the Broncos a second bite of the apple they didn't deserve.
Eagles wide receiver DeSean Jackson started his end zone celebration a little too early against the Cowboys on Monday night and had a sure touchdown taken away because he ditched the ball on the 1-yard line -- not waiting to cross
the end zone before celebrating. The Eagles scored anyway, but the play could have cost the team.
Lastly, despite their first win of the season, the coach of the Raiders, Lane Kiffin, is on the hot seat for comments team owner Al Davis viewed as insubordination, according to reports. All in all, these are great stories, but today I want to focus on a great company I think it worth my investment dollars.
I'm picking up shares of
Research In Motion
. The company designs and makes wireless products and services for the mobile communications market. It makes the BlackBerry wireless devices, the RIM Wireless Handhelds product line, software development tools, and other hardware and software solutions.
The stock closed at $100.72 yesterday -- which is quite a bit down from the nearly $106 it closed at on Friday. It's well off its 52-week high, but up enough from the low. Its 52-week range is $80.20 to $148.13. It shed about 20% of its value in the last year. Look at the rest of the stats and you will see why I like it. It had a PEG ratio of 0.76 and a return on equity of 43.29%. The company has more than $7 billion in revenue and $1.38 billion in cash in the bank. Institutional support? Check. And its forward price to earnings is decent at 18.69.
Almost everyone knows traders saw blood in the streets on Monday. But, with the slide, other stocks got dragged down -- undeservedly. I think RIMM is a good buy at this level. Also, it always helps when someone like Cramer reinforces your thinking on a particular stock. This is what he had to say about RIMM recently: "This stock has become wildly emotional. There's nothing the matter with this company.
is here to stay and I want to buy more RIMM."
Keep moving the chains!
At the time of publication, Brown had no positions in stocks mentioned, although positions may change at any time.
Tim Brown played 16 seasons in the NFL, where he made nine Pro Bowls. After a brief stint with the Tampa Bay Buccaneers in 2004, Brown retired as an Oakland Raider. He was a Heisman Trophy winner in college for Notre Dame.