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“Once the stock price comes down into the value category, many times they become ‘value traps,’ where it appears they are great investments,” he says. Even today, at its seemingly undervalued price, he remains skeptical because of RIM’s growth prospects. “These are companies that are now kind of stodgy, slow-growing and struggling to reinvent themselves,” says Demarin, also an analyst whose company specializes in value investing in firms that provide dividends.Īs a value investor, Demarin wouldn’t touch RIM stock when it was flying high. Microsoft, Dell, Cisco and Intel have all tumbled from nosebleed stock prices to more reasonable valuations, says Tony Demarin, president of BCV Financial in Winnipeg. This is not an uncommon story in the tech sector: A once-industry leader loses its dominance and finds its place among the rest of the tech sector, reasonably priced, hanging around and hoping to mount a comeback. RIM’s share price has fallen so far - to about $27 a share today from $148 a share in 2008 - it’s no longer in the purview of just mutual funds and other institutional investors. It earns billions of dollars in profits annually, carries no debt and, perhaps for the first time in a long time, seems to be a reasonably priced stock buy for value investors. Furthermore, RIM has impeccable financials. Still, it’s hard to deny millions of BlackBerry users find their devices indispensable. Now the question is whether RIM can hold on to what market share it has left. It’s no longer in a battle to remain the leader. BlackBerry has gone from the IT world’s “it” device to a perceived one-trick pony, fighting off tech-sector giants Google and Apple. After all, it had effectively changed the way we work and communicate.īut today, RIM’s future is suddenly in doubt. Things were looking bright for its maker, Research in Motion, based in Waterloo, Ont. Even the most popular and powerful man on Earth - Barack Obama - loved to “crack.” Tyler Anderson / Postmedia News ArchivesĪ lukewarm reaction to RIM’s PlayBook has many analysts wary about RIM’s competitiveness.

Only a few years ago, the BlackBerry was a corporate must-have. That somewhat odd euphemism symbolized how dominant Canada’s most successful tech firm, Research in Motion (RIM), had become. That was certainly once the case with the BlackBerry, or the CrackBerry, as it was called by many.

#Jim fink investing daily review crack#

When you make a product so useful and spellbinding it is nicknamed after crack cocaine, you know you’re on to something. This article was published (4088 days ago), so information in it may no longer be current.