I’ve seen a lot of documentaries on Dubai but thought this one stood out. It focuses on the 120,000 English businessmen and women who have traveled to Dubai to find fortune in the country, and its booming real estate market. Video also addresses the credit crunch. Hosted by Piers Morgan.
Pretty amazing Howard Schultz profile from 60 minutes below (12 minute video)
Schultz talks about how he went from living in public housing and selling his blood to get through college, to creating a $29 billion corporation that doubles sales every 3 years. He also dives into some of the unique marketing practices Starbucks used to create such a dominant brand, and how how he managed to get investors back in 1987.
Research in Motion (better known as the Blackberry maker) has taken a huge beating lately. Apple and Google’s steady march into the cell phone market has spelled trouble for the Canadian based company. The stock continues to decline, and it went down almost 10% in one day last week. However, I wanted to share this article in BusinessWeek last week as I believe RIMM could be a potential undervalued stock. (LINK BELOW)
Looking at key statistics it has an EPS of 2.2, and more importantly NO DEBT on its books.
I see two likely options, either it recovers or the company gets bought out, both of which results positively.