As promised, more on RIMM

It's true, Research in Motion took a beating! And it's also true that everyone misses the mark sometimes... but look at the company on a whole:

1)No debt
2)Cash on hand (2.93/share)
3)EPS expected to increase 22% over the next 5 years
4)Current profit margins over 15%

and for less technical reasons:

5)They aren't stuck with one service provider! (Apple, great product but you kind of shot yourself in the foot.)
6)If you are in the business world, chances are you have a Blackberry, they are everywhere. Granted, IPhone and PALM have some of the market, but lets be realistic.

For all of these reasons I think RIMM is a buy, even more so now that it has been beaten down! Call me contrarian but talk about opportunity! It has fallen from around 85 to 67 and change!

FYI, I would put fair value around 105, and I actually would expect them to hit that point after a few strong quarters.

Happy picking.