Thursday, March 24, 2011

RIMM conference call impression.....

RIMM conference call gave a clear impression of the following :

-Q1 shortfall is due to many expenses associated with introduction & preparation of product / software implementation.

-RIMM is extremely confident of Fiscal 2012 which ends in Feb 2012....their projection of $7.50 for next 4 Q looks like ATTAINABLE.

-RIMM does not see any issues in terms of demand or execution.

The way i can interpret...here is how i see next 4Q EPS :

Q1 (current ends in MAY).... $1.51

Q2.........................................$1.80

Q3.........................................$2.00

Q4 ends in Feb 2012............$2.19

Total EPS projected..............$7.50

I am keeping all RIMM shares !!!!!

BLOG does NOT give buy or sell.

Saleem

2 comments:

c said...

Saleem

J Cramer was unkind about RIMM

At times JC makes me mad

I am thinking about getting some ENB or STD
good luck all

Stocks100 said...

Hi C,

NEVER get mad @ anyone.We all suppose to make our OWN decision.

I do not have CNBC in my lineup..so i wait after market close & watch Fast/Mad on internet around 8PM..spares me lot of aggravation.

IF Cramer does not like RIMM tonight..i do not blame him @ all..it may bring the last seller out.....

Obviously..i am not happy either with guidance..but trying to make sense of it all.....

Saleem