Opinion: RIM stock price to never reach it's previous high...ever.

Opinion: RIM stock price to never reach it’s previous high…ever.

Published Dec 05, 2008 in Opinion

Tagged under: finance, Opinion, stock

I’m no finance professional by any stretch of the word. Hell, I hate the term, “assetss and liabilities”.

But, it doesn’t take a genius to figure out that RIM’s stock price will probably be where it is now for a very very very long while.

RIM’s popularity grew with the business sector. They’ve dominated mobile communications for years with their smartphones. Well…duh..that’s not news

And with all the big banks and other varied financial institutions going belly up, that doesn’t bode well for RIM’s subscriber base. Without many subscribers, RIMs books will report lower and lower revenue.

If and only if the financial sector improves, will RIMs pockets deepen. But, I think that RIMs stock price will dive even further than it is today ($38 Down from it’s year high of $148).

Let’s hope that RIM will be smart and divest their product line to offer more phones to different sectors.

Heck, Apple is positioning their iPhone as both a consumer product and a business product (and we know how that is far(k)ing).

RIM needs to improve upon their consumer product line with the Storm and the Kickstart. Get into more pockets and purses than the ubiquitous iPhone. (I hate to acknowledge the popularty of the iPhone but it’s hard not to comment on it when talking about RIM)

Just my 2 cents

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