RIM (RIMM) Bests Rivals in August
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Despite being badgered by things like lack of innovation, a poor mobile OS, sticking with QWERTY when consumers are demanding touch, and release a tablet PC before its fully done, Research In Motion (Nasdaq: RIMM) had a pretty good August.
After ending July at $25 flat, shares sunk a little lower, but ended 30 percent higher at $32.49.
Comparably, Apple (Nasdaq: AAPL) ended about 3 percent lower to $384.83, and Nokia (NYSE: NOK) gained 16 percent to $6.44. RIM was only bested by Motorola Mobilty (NYSE: MMI), which ended 68.5 percent better pending a merger deal with Google (Nasdaq: GOOG).
Is that to say RIM is a great investment right now? Possibly not, good research will tell you whether it is or isn't. Just keep your eye on RIM as the overall market is bearish on the stock, because who knows if another company will think it's an attractive investment. At a $17 billion market cap - in a similar range as Motorola Mobility - it just may be.
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After ending July at $25 flat, shares sunk a little lower, but ended 30 percent higher at $32.49.
Comparably, Apple (Nasdaq: AAPL) ended about 3 percent lower to $384.83, and Nokia (NYSE: NOK) gained 16 percent to $6.44. RIM was only bested by Motorola Mobilty (NYSE: MMI), which ended 68.5 percent better pending a merger deal with Google (Nasdaq: GOOG).
Is that to say RIM is a great investment right now? Possibly not, good research will tell you whether it is or isn't. Just keep your eye on RIM as the overall market is bearish on the stock, because who knows if another company will think it's an attractive investment. At a $17 billion market cap - in a similar range as Motorola Mobility - it just may be.
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