Wednesday, 16 May 2012

RIMM - Simply Amazed by What Mr Market Can Do!

One month has passed since our post on RIMM, and it really amazes us how manic depressive the market can be. We remember saying RIMM is dirt cheap at a price of $13.32, and guess what, it has collapsed another 17% to $11.10!

Simply amazing to have a company with no debt, $1.5bils in cash & cash equivalents, trading at price to tangible book of 0.89 and price to book of 0.58. After taking away cash, you are buying a company for just 2.36 times its FCFs, with all its patents, infrastructure, subscriber base, network they have built through the years.

Definitely up for sale!

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