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:
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
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
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