Research in Motion to be Thinner (RIMM)
Billy Halleck had an easier time surviving in the movie "Thinner" than Research in Motion (RIMM) will have becoming (as their CEO said) a "lean, mean, hunting machine." Sure they will.
Research in Motion's new CEO Thorsten Heins gave his inspirational speech to the world proclaiming that upcoming BlackBerry devices would transform his dying company into a "lean, mean, hunting machine."
Mastery doesn't buy the 4th down Hail Mary play by RIM management, who does? Anyone? Bueller?
Research In Motion (RIMM) is trading at $7.42 and its shares are 3.77% from its 52-week low. Bottom feeders love that RIM shares haven't been this low since 2003 but who really cares? No outside buyers do, they have all passed at a chance to buy the company. Trying to catch a bounce in RIM shares is a risky bet. The Blackberry will soon be a distant memory like the Palm Pilot.
Bottom line: RIM will starve to death becoming a "lean... machine", so will investors.
Best of the Blogs
Scanning and identifying the best blog entries every hour
- Regarding Crude | iBankCoin.com
- S&P 500 Melts Up Over 100 Points In 3 Days, Nears All-Time High | ZeroHedge
- Draghi Now Has All the Ammunition He Needs for QE - Implementation Still a Problem | Financial Sense
- The Dow Is Up 500 Points In 48 Hours (And Japan Up 1100) | ZeroHedge
- Frontrunning: December 19 | ZeroHedge
- Fog of War | ZeroHedge
- FOMC Recap | Financial Sense
The most relevant financial news and articles from the Internets
- Streetinsider.com's Hot Lunchtime... | StreetInsider.com
- Deutsche Bank's Top Economist Declares The 'Chart Of The Decade' | Business Insider
- This Is The Best Art Project Ever Created | Business Insider
- How To Make Bulletproof Coffee With Butter For More Energy | Business Insider
- 25 Ways to Make LinkedIn Work for You | BusinessWeek
- Good Sibling Relationships Come Down To These Factors | Business Insider
- Meet American Apparel's New CEO | Business Insider