I like this company a great deal and have owned shares since Aug 99, but I don't think that the current valuation can be sustained in this market. All of the great tech companies with high multiples, no matter how strong they are, have been hammered, and I don't see why RIMM should be any different. A three-digit p/e, let along a four-digit one like RIMM recently sported, is just not going to cut it these days. I sold half of my position yesterday, and I'll hold the rest through whatever storm is coming, but I think we're looking at more down before we see up again. You all be careful.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Rat