Everyone Hates RIMMITY RIMM (Mick Dundee Style)
Submitted by theStockMasters... on Tue, 09/07/2010 - 19:43
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The Nation managed to find the one positive analyst on Research in Motion (NASDAQ:RIMM) and it just so happens its from Dundee Capital Markets.
Makes us think of ol' Mick Dundee from one of the worst movies ever made Crocodile' Dundee and that classic "that's not a knife" scene.
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(WallStNation.com) Think Research in Motion (NASDAQ:RIMM) shares could gain back 46% in the next 12 months? It would appear the only Wall Street analyst that believes that could happen is Dushan Batrovic at Dundee Capital Markets.
Research In Motion Ltd (RIMM) shares have traded between $42.53 and $88.08 over the past 12 months. RIM's shares are now trading with a P/E Ratio of 9.8 and EPS of 4.56. Mr. Batrovic has maintained his Buy rating and $65 price target, which is a 45.9% increase from today's price of $44.55.
Here's that crappy movie clip:
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