Briefly, RIMM blew out expectations today with 2.9B in revenues and an adjusted net loss narrowed to .27/share. Expectations were for .47/share loss on 2.45B in revenues. Blackberry sales were stronger than expected and the company added 100M in net cash.
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I just received a short report from Citron Research (another financially uber-astute easyDNS client 😉 ) which outlines a scathing short thesis for Web 2.0 real estate darling Zillow (Nasdaq: Z).
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So far the only comment on my post about going long RIM is “good luck with that”. So far so good there.
My pet quip about value investing is that your investing thesis looks good if it passes what I call the “double idiot test”. That is, you get called an idiot for buying, and then you get called an idiot again for selling. Read more »
Actually I’ve been long Research In Motion for a few weeks now, I started writing this post at the time but forgot to publish it until tonight when somebody commented on my earlier “Ultimate Buy Signal for RIM?” post.
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