I am super cautious with value traps...but COME ON
I won't even thik about touching staples, microsoft, best buy, or cisco right now
BUT RIMM IS SO DAMN CHEAP
i mean seriously. It's down 45% in less than 3 months. Think about what it takes for a business to become 45% less valuable in 3 months.
It's p/e is 6 and it keeps beating earnings estimates. Its still above the iphone in smartphone space. Any good news could shoot the stock up 15%. Its really close to the march 2009 lows...when the world was coming to an end.
I don't like catching falling knives...but this looks really friggin cheap. Do you think it will fall to a p/e of 5? 4? Its growth will be slow but not negative. At a p/e of 5 it may even be a freakin takeover target. This is insanity....it has to be worth closer to $45-$48.