Jim Cramer Goes Bold on RIMM Stock!
In Wednesday's episode of Mad Money, Crazy 'Ole Jim Cramer went Bullish (or is it Boldish?!) on Research in Motion stock, issuing a buy Buy BUY!!!
It turns out the price on shares of RIMM have gone up every time the company rolls out a new device, and with an incoming wave of product releases due in the months ahead (Bold, KickStart, Thunder, Javelin) right now is the time to take advantage of RIM's relatively low price. He doesn't think the iPhone is an issue for RIM's value... he notes that carriers get better ARPU out of BlackBerry device sales, which in a saturated market is what it's all about, and furthermore thinks BlackBerry smartphones are every bit the "babe magnet" that the iPhone is. Amen Jim.
Click this link to watch the full 9 minute segment and you can draw your own conclusions. My take? While I don't offer stock advice, I will say it's nice to see that Jim does his homework... what's that video playing the background?? It's our BlackBerry KickStart Hands-On Video Review! Sweet :-)