Liberty Posted October 27, 2011 Share Posted October 27, 2011 still waiting to hear why Liberty had to come into another post to correct something you wrote as if he was actually you.. hmmmmmmmm Ahh, I wasn't the only one that noticed that. What are you guys referring to? I've been on the net and BBSes since 1996, and it's the first time that I'm accused of being someone else. :P Link to comment Share on other sites More sharing options...
Santayana Posted October 27, 2011 Share Posted October 27, 2011 In Parsad's My 3 shorts thread, someone corrected Peter_Burke, and you responded with an apology for getting terms mixed up as though they were correcting you. Link to comment Share on other sites More sharing options...
Liberty Posted October 27, 2011 Share Posted October 27, 2011 lol, wow. A few days ago when NFLX tanked there were about 3-4 threads about Tilson and NFLX , and in one of them someone asked "was Tilson long?" and I replied that he was short but that an open letter by Reed Hastings had convinced him to sell, or something like that. Then later in one of those threads I saw a comment at the bottom of the page that said something like "he was short so he covered, he didn't sell" and I thought it was addressed to me because I remembered making that mistake in terminology. But apparently this wasn't even in the thread where I wrote that. I can understand the confusion, but be assured that I am my own man :D Link to comment Share on other sites More sharing options...
eclecticvalue Posted November 2, 2011 Share Posted November 2, 2011 Wow!!! Now this is trading below book value. I feel like taking a nibble at it, but with all of this negative momentum it will be awhile to see a rise in the price. Link to comment Share on other sites More sharing options...
DCG Posted November 2, 2011 Share Posted November 2, 2011 Looks like tangible BV is listed as 13.45. Not sure if there are concerns of them getting stuck with large amounts of inventory though. I really dislike this company (they have made nothing but awful products for the last 5 or so years, have been a poster-child for horrible execution, and think their management is lost), but it is cheap and I think at some point someone like MSFT would snag them. I don't know anything about their IP/patents, but they must have some patents of value. What confuses me is that not a single executive there has purchased a single share of RIMM stock lately though. I can't think of many other tech companies that destroyed what was a great brand in such as short period of time. Link to comment Share on other sites More sharing options...
Smazz Posted November 2, 2011 Share Posted November 2, 2011 I can't think of many other tech companies that destroyed what was a great brand in such as short period of time. really? Tech companies? and I cant RIM destroyed their brand. They have just try to play the all things to everyone product. Their core base is still what it is. watch APPLE they've only been in the smart phone game for, what? 3-4 years? and already HTC is eating their lunch. Unfortunately APPLE doesnt have any real proprietary stuff to let them hold on to a segment - you know - like security etc. Since they are mostly just a repackaging of other products. Should be interesting. Link to comment Share on other sites More sharing options...
Smazz Posted November 2, 2011 Share Posted November 2, 2011 author=peter_burke_ceo " data-ipsquote-contentapp="forums" data-ipsquote-contenttype="forums" data-ipsquote-contentid="3603" data-ipsquote-contentclass="forums_Topic" 60629#msg60629 data-ipsquote-timestamp=1320265398] apple = bad rimm = good? I believe I may have entered an alternate universe where everything is backwards. By your logic yes - APPLE insiders sold so = RIM insiders havent.. soo? your logic not mine. Tastes bad doesnt it? Oh dont worry, we all know you are from an alternate universe.... just surprised you just realized that now - most of us here already knew this. Link to comment Share on other sites More sharing options...
tombgrt Posted November 2, 2011 Share Posted November 2, 2011 There has to be one out there that read The Intelligent Investor right? I have little interest in this discussion but the argument above is of especially little value imo. How many copies have been sold of The Intelligent Investor? How many true contrarian value investors are there? I wouldn't be suprised to see a 1000:1 ratio. Link to comment Share on other sites More sharing options...
Parsad Posted November 2, 2011 Share Posted November 2, 2011 Play nice boys! Cheers! Link to comment Share on other sites More sharing options...
Parsad Posted November 2, 2011 Share Posted November 2, 2011 There has to be one out there that read The Intelligent Investor right? I have little interest in this discussion but the argument above is of especially little value imo. How many copies have been sold of The Intelligent Investor? How many true contrarian value investors are there? I wouldn't be suprised to see a 1000:1 ratio. Surely there must be one who has read it and is willing to step up and buy rimm at 3 times earnings? first one to post a link to the form 4 gets a cookie! How many shares was Brian Moynihan buying in the last six months at BAC, even though Buffett was investing? Insider buying or selling can mean something, or it can mean nothing at all. I've never owned RIMM, but frankly I'm more intrigued now than before. Although I would like to see it come down more as their revenues, cash flows and earnings are dropping. It's really trading closer to 7-8 times earnings, rather than 3 times earnings. And I would suggest that if people cannot add something to the dialogue here, then resist the temptation to say anything at all! Cheers! Link to comment Share on other sites More sharing options...
DCG Posted November 2, 2011 Share Posted November 2, 2011 I'm curious if anyone on here buying RIMM stock is also buying any of their products. Link to comment Share on other sites More sharing options...
vinod1 Posted November 2, 2011 Share Posted November 2, 2011 I work at one of the SIFI's and the company is rolling out iPhone and Android phones in addition to RIM phones. Users get a choice and it looks like about half want iPhone and the other half split evenly between Android/RIM. I thought RIM had a lock on the corporate market but if this is any indication, they are losing in the corporate world as well. Company prides itself in not being on the cutting edge of technology. Vinod Link to comment Share on other sites More sharing options...
CONeal Posted November 2, 2011 Share Posted November 2, 2011 I'm curious if anyone on here buying RIMM stock is also buying any of their products. I own the Playbook and despite what everyone says I really like the device. Link to comment Share on other sites More sharing options...
zarley Posted November 2, 2011 Share Posted November 2, 2011 I work at one of the SIFI's and the company is rolling out iPhone and Android phones in addition to RIM phones. Users get a choice and it looks like about half want iPhone and the other half split evenly between Android/RIM. I thought RIM had a lock on the corporate market but if this is any indication, they are losing in the corporate world as well. Company prides itself in not being on the cutting edge of technology. Vinod The big problem for RIMM is that their products are not really competitive for the discretionary consumer. Only enterprise inertia is keeping them viable. Given enough pressure by users who don't want to carry two phones, and prefer non-blackberry devices, CIOs are going to have to consider moving away from Blackberry (perceived network security and data efficiency advantages notwithstanding). Plus, if they continue to have the execution problems they've had lately, I don't see how they survive as a stand alone. Someone may come in to gobble up the IP and kill or sell the hardware business. Link to comment Share on other sites More sharing options...
shalab Posted November 3, 2011 Share Posted November 3, 2011 Despite what everyone says, RIMM still has value. RIMM can shift to android/windows phone and can still be viable. It has a patent portfolio that has to have some value. Link to comment Share on other sites More sharing options...
Guest valueInv Posted November 15, 2011 Share Posted November 15, 2011 So this might be the new QNX phone: http://www.bgr.com/2011/11/14/leaked-blackberry-london-is-real-launching-in-q3/ If they're launching Q3 next year, they'll be competing against the iPhone 5 and the newer version of Android. They'll also need an answer for Siri. Link to comment Share on other sites More sharing options...
Josh4580 Posted November 15, 2011 Share Posted November 15, 2011 Google’s Android Tops 50% of Smartphone Sales http://www.bloomberg.com/news/2011-11-15/global-third-quarter-mobile-handset-sales-rose-5-6-gartner.html Research in Motion Ltd. (RIM) declined 4.4 percentage points from a year earlier to 11 percent of the smartphone market in the quarter. “Continued pressure is impacting RIM’s performance, and its smartphone share reached its lowest point so far in the U.S. market, where it dropped to 10 percent,” Cozza said in the report Link to comment Share on other sites More sharing options...
Smazz Posted November 15, 2011 Share Posted November 15, 2011 I think you posted the wrong link there sport. Anyway, your post doesnt really tell the whole story though it is true that: the figures indicate that every other smartphone platform has declined in marketshare over a year ago. The complete story should be the cost which have come from these phones having such terrible quality and the cost to the providers of service. In the end - quality usually wins out. They have sold ALOT of these junk phones but alot have come back through returns etc. Incidentally RIM had the lowest number of service issues returns. Link to comment Share on other sites More sharing options...
cwericb Posted November 15, 2011 Share Posted November 15, 2011 Prem increases stake in RIM by 40% Gurufocus: "Prem Watsa added to his holdings in Research In Motion Ltd. by 40.9%. His purchase prices were between $21.16 and $32.55, with an estimated average price of $26.78. The impact to his portfolio due to this purchase was 3.39%. His holdings were 11,798,300 shares as of 09/30/2011. RESEARCH IN MOTION is a world leader in the mobile communications market and has a history of developing breakthrough wireless solutions. Research In Motion Ltd. has a market cap of $9.59 billion; its shares were traded at around $18.29 with a P/E ratio of 3.2 and P/S ratio of 0.5. Research In Motion Ltd. had an annual average earnings growth of 53.4% over the past 5 years." Prem certainly seems to disagree with some on this board and RIM is now his 5th largest holding. Link to comment Share on other sites More sharing options...
DCG Posted November 15, 2011 Share Posted November 15, 2011 Prem certainly seems to disagree with some on this board and RIM is now his 5th largest holding. And Prem has already lost a lot of money on RIMM. Link to comment Share on other sites More sharing options...
Smazz Posted November 15, 2011 Share Posted November 15, 2011 Prem certainly seems to disagree with some on this board and RIM is now his 5th largest holding. And Prem has already lost a lot of money on RIMM. Lost? Did he sell? Link to comment Share on other sites More sharing options...
cwericb Posted November 15, 2011 Share Posted November 15, 2011 "he is buying at 3.2 earnings. but nobody at the company is ." I really have trouble understanding this argument. If the principals of the company are essentially "all in" to begin with, why would they buy more? Would not the fact that they are NOT selling be just as important? Link to comment Share on other sites More sharing options...
Smazz Posted November 15, 2011 Share Posted November 15, 2011 "he is buying at 3.2 earnings. but nobody at the company is ." I really have trouble understanding this argument. If the principals of the company are essentially "all in" to begin with, why would they buy more? Would not the fact that they are NOT selling be just as important? Dont try understanding it because its just a dumb talking point of you know who. If the Insiders especially Laz or Bals were only interested in increasing their worth or % ownership of the company they would not have given so much away to charities. In fact the article (not sure if it was posted here) highlights how they have a lower standing on the Forbes list no so much because of the share drop but by the amt of shares allocated to Philanthropy Link to comment Share on other sites More sharing options...
Smazz Posted November 15, 2011 Share Posted November 15, 2011 the unwritten rule is that if you pay ComScore for their reporting, you might somehow rank better in their various reports. ComScore doesn’t matter to you unless you’re VC funded or a big company that is depending upon who ComScore says is top in a particular category for your valuation or ad rates. There is a minor conflict of interest here, Link to comment Share on other sites More sharing options...
given2invest Posted November 15, 2011 Share Posted November 15, 2011 RIMM options vol is very high right now. You can sell December 17.5 puts for $1.35, which I did yesterday. If you did that every month and the stock was flat in a year you'd make almost 100% return. The obvious risks apply... Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now