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Research in Motion (RIMM) is downgraded to Sell at Canaccord, which says the fundamentals don't...

Research in Motion (RIMM) is downgraded to Sell at Canaccord, which says the fundamentals don't support the recent 30% gain in the stock price. The BB10 is an improvement, says Canaccord's Mike Walkley, but he assigns "a very low probability" it can turn around the company's long-term business trends. Shares -1.7% premarket.
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Comments (7)
  • Tim Bee
    , contributor
    Comments (145) | Send Message
     
    "..Mr. Walkley noted that higher-end consumers continue to switch from BlackBerry to iPhone and Android ecosystems..."

     

    We know that. The issue is, will this continue when the new ecosystem is available?
    Current trends are irrelevant. Why is he using this point as part of his criteria?
    3 Dec 2012, 08:53 AM Reply Like
  • Transportation Junkie
    , contributor
    Comments (29) | Send Message
     
    The challenge for all analysts is guessing what user behavior will be once the new BB10 phones are out. And all of that depends on how good the platform is, and to what extent app developers support the ecosystem. RIM has gone to great lengths to try to drive that process.

     

    At this point, we are all guessing. And analysis seems more based on the bias of the analyst rather than any facts, because there aren't any to guage the future.

     

    The facts are that RIM set a date earlier this year for a Q1 2013 release, and they stayed on track for that, and managed to grow subscribers and control costs. We know that new buyers in North America are ignoring the older BB7 OS phones, with them non-existent in the consumer space.

     

    As far as an investment, we'll know if RIM has recovered by the end of Q2 2013 if their sales numbers are robust and problems are few on the new phones.
    3 Dec 2012, 09:29 AM Reply Like
  • pabcanc
    , contributor
    Comments (222) | Send Message
     
    We are living in a so called advanced technological age where old rules
    that was once the bible ,are soon becoming obsolete to a new emerging society..We are learning that even large closed minded corporations with huge sums of cash ,are not able to buy these technologies from other companies as themselves . These technologies are now rising up in microscopic trenches ,and unless these corporates divide themselves into macro creative seeking entities ,will cease to exist,no matter how convincing they seem to be ...
    3 Dec 2012, 09:54 AM Reply Like
  • sreimer77
    , contributor
    Comments (241) | Send Message
     
    Another analyst protecting their clients who are short. 10 day average volume is 58.79 million. With only 524 shares in issue, every share has traded over the past 9 days. Giving 80% are owned by institutions or others required to report their holdings and 20% is already short, how can 11% of the outstanding shares trade daily. Market manipulation!
    3 Dec 2012, 09:55 AM Reply Like
  • Superfly_FR
    , contributor
    Comments (360) | Send Message
     
    read "I want to save my shorts". Nothing new in these lines, old studies, with old assumptions ...
    3 Dec 2012, 10:52 AM Reply Like
  • WATERLOO JOE
    , contributor
    Comments (396) | Send Message
     
    we know analysts for sure have 100 % hindsight vision, and seem to only exercise that once we support a stock. , Josh freed says of 85,000 expert opinions they got 100% wrong.
    3 Dec 2012, 12:19 PM Reply Like
  • eieio
    , contributor
    Comments (74) | Send Message
     
    This analyst has advised a "Hold" position to his clients every month since March when RIM was $12.60. If his clients have adhered to his guidance they would have watched RIM go from $12. to $6+ then watched it climb back to $11.50 today. All the time holding the shares per his advice.

     

    Now when the company is finally getting good press, when the stock is finally moving up and when RIM is poised to announce a new apparently great product, he is advising to "sell".

     

    Why does this person still get published? I bet if he really put his mind to it he could really find many positive things to say about RIM like many of the other analysts.
    3 Dec 2012, 03:16 PM Reply Like
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