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.
Haven’t pulled the trigger on this one, waiting for it to fall more (and still debating over AGNC or IVR for yield), but wanted to share this very interesting article.
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