Nick Perry (Schaeffer's Investment Research) submits: Shares of Research in Motion (ticker: RIMM) have lost roughly 20 percent this year, but clearly some are still holding out hope that a turnaround is coming -- see, for example, this article in CNNMoney.
However, this optimistic view isn't supported by our Schaeffer's Equity Scorecard which shows that RIMM earns just two points out of a possible 10. It seems that many expect the stock to rally back after the litigation issues are resolved and are already positioned for that rally. To a contrarian, this hints that perhaps expectations are still too high and suggests that caution is warranted.
Related:
- All articles on The Seeking Alpha Network by Nick Perry.
- The complete list of companies (and links to articles about them) covered by The Consumer Electronics Stock Blog.
