Friday, December 16, 2011

Research in Motion: RIMM Is Headed To $10 or Lower

BNN had a feature interview with hedge fund manager Greg Taylor, who had held RIMM stock since its IPO, and finally threw-in the towel today, selling everything.

He says ther company is worth maybe be $10 or lower, considerign cash, patents, etc. he adds that nothing new will come out of the company unitl late 2012, so they wll suffer even more against its compastition who will release new iPhones and new Android devices. Furthermore, he said that in the company's conference call the manager appeared defeated.

Watch interview.

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