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Author: StevnFool Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 211794  
Subject: Re: OT: Backing short PUTS with cash Date: 11/10/2011 5:17 PM
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RIMM. Currently sitting on a loss of almost 64%. While I will probably end up taking a loss on this one when I close the position, I believe it is worth considerably more than the current price. At least this was my conslusion last time I looked. It is on my to-do list to check again.

OK, had a very brief look at this tonight.

RIMM closed today at $17.58

From latest reports from their website (Aug 2011), Total Current Assets minus All Liabilities = $6.22 per share. This is along the idea of Ben Graham's NET-NET cash value.

In other words, cash rich and no debt.

From Yahoo, Analyst Estimates of EPS for year end Feb 2013.
Highest = 7.16
Average = 4.72
Lowest = 2.71

The lowest still results in a P/E of 6.5

Somehow, I think selling at $17.58 is selling too cheap. I plan to hold for now anyway.

StevnFool
Blackberry user and yes I was frustrated a few weeks ago with the outages on data services.
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