Seeking Alpha

Sean Farhy

 
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  • The Dead BlackBerry Bounce: Buy or Sell? [View article]
    Joel- I love the article and the tie back to great products of the 1980s like the Commodore and the Atari. I happen to have a slightly different take on RIMM based upon that they are still a larger player in the corporate / business world.

    seekingalpha.com/artic...

    I think RIMM should hold support at around $28 but could go as low as $20 depending whether or not all the bad news is out. Before earnings I thought the stock could get taken over at $49 or so which was a 30% - 40% premium. I still think that this type of premium is still in place but at this price a $39 -$42 target is more likely. Now this could very easily change with any combination of a little bit of good news, a bidding war, and / or a heavy short squeeze.

    We'll have to see what happens
    Jun 22, 2011. 11:56 PM | 2 Likes Like |Link to Comment
  • RIM Earnings Call: That Wasn't So Good, Was It? [View article]
    Rocco- I don't know if you have had a chance to read my latest article on RIMM. I am hopeful that RIMM will hold support here, but we'll have to wait and see. The facts are they still $4 in cash a share and trade at 9 times forward earnings. Company makes money and is a deep value play.... or a value trap depending if all the bad news is out... Which I happen to believe most of it is.

    I agree that there needs to be a catalyst. The stock probably won't bottom until there is a shake up with management, mainly the CEOs. After that then to stock can move forward. I also think RIMM will most likely need to find a some kind of strategic partnership or be flat out taken over. These layoffs should give management good reason to cut a lot fat and focus on their new OS so it can be out, up and running, and bug free by the beginning of next year.

    seekingalpha.com/artic...
    Jun 18, 2011. 10:09 PM | Likes Like |Link to Comment
  • Finding the Silver Lining in Research in Motion's Earnings [View article]
    I agree that they are a software company so their next logical step it go into hardware. The Zune and Kin failed. X-box is the only organic growth that they have had in this area. RIMM is cheap and it may get cheaper. But MSFT is late to the dance in this arena and RIMM is the best looking one left
    Jun 17, 2011. 04:49 PM | 1 Like Like |Link to Comment
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