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28 Comments

Veteran investor Laszlo Birinyi has faith in RIMM

By Bla1ze on 30 Nov 2011 09:39 am
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While the name may not sound familiar to anyone not interested in the stock markets, veteran investor Laszlo Birinyi of Birinyi Associates is calling for a turn around of RIM stock in 2012. That alone doesn't say much but when you learn more about Laszlo and consider that in 1997 he favored a then beat down, looking to be rescued Apple to be a top stock pick for 1998 those who listened to him and invested in AAPL are still thanking him for the advice today -- you tend to put a little bit more weight behind what the man is saying. 

“It’s been beaten down, it’s a brand, it’s got its fans, it’s got its products. In 1997, I was in the Year in Wall Street show, and Louis Rukeyser asked me what were my picks for 1998. I said my first pick is a $7 stock — called Apple Computer (AAPL).”

Indeed. Around here we know all about its products, brand and fans -- none of which are disappearing as fast as the stock market numbers and naysayers would have you believe. So, is Laszlo Birinyi on the right track here and seeing the underdog while everyone else is busy beating down on them or is he just hoping to get lucky with this one? RIMM did close at 5.4% up after having floated as high as 8.4% yesterday after the Mobile Fusion announcement.

Source: CNBC

Topics: Research In Motion BBRY News & Rumors

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Bla1ze Bla1ze 2966 (articles) 6509 (forum posts)
28 comments

Yousif Abdullah

AAPL was rescued because Steve Jobs came back to Apple.

No one equally important at RIM left the company to make a return now.

My $0.02 Zimbabwe dollars.

kyleheney

However, someone (or two) equally important could leave RIM and be replaced by someone new that could help the company excel in its next generation with BBX, etc.

XPEH

Not gonna happen any time soon.

parked

Wrong. AAPL was rescued by its frenemy, Microsoft. This rescue story is even in Steve Jobs' biography by Walter Isaacson.

Stompy

I thought Apple was rescued because Bill Gates gave them a truck full of money?

guerllamo7

That is true. Unfortunately, Apple learned all the wrong lessons from their near death experience and now they sue more people than Microsoft. Also, Microsoft did not do it to be nice but to get the anti-trust guys off their back.

I love CrackBerry because I get the latest news and a community that is very helpful with specific questions. However, I would caution people regarding the suitability of this website to make investment recommendations. Not that CrackBerry has but the stock is discussed often and some members (not the staff) have made suggestions to buy shares.

While I agree that RIM is cheap and that it will have a great 2012, I believe the reliable conclusion is that we will continue to enjoy our BlackBerry products for may productive years but would be very careful to accept a forum of BlackBerry fans (with a few trolls) as a source of unbiased information.

Just my two cents. Always verify stock recommendations with their suitability to your portfolio. Just because this guy was right on last year, does not guarantee that he will be right again. I love RIMM but I would never put more than 5% of my portfolio into any stock.

Bla1ze

Well, since you brought it up.. I don't own any RIM stock nor do I ever claim to be a person with extensive knowledge in that area. I have made it a point to make this clear on more then one occasion so, with that said.. Ya, don't ever take my writing as financial advice. Make those decisions based on your own information and analysis. 

guerllamo7

Hey Bla1ze,

I did not mean to imply you did. I know you did not. The article is relevant in today's market, so thank you for it.

I just worry about a little old lady reading some posts by users and doing something radical.

Great post.

Bla1ze

Oh no, I see your intentions -- I just wanted to make sure there was clarification from the writer (myself) as well. :)

Appreciate your input and compliments.

wolfier

@Yousif: Birinyi did not mention Jobs as a reason why people should buy AAPL back then. So clearly it was not part of his equation.

koolrosh

RIM will rise again!
Blackberry will be the new Mac

Alphalucard

i certainly +1 your hopes for RIM to be as successful as Apple in the future, but not follow the pace of Apple in generating hate. I dont want RIM to sue everyone and makes enemies with other companies.

ryanlrobinson

I've been seriously considering investing in some RIM stock. I've never done the stock markets before and generally have no interest in it, but aside from the personal love of RIM I really am equally optimistic that their future is a whole lot brighter than their current stock prices suggest. I don't expect them to be at the top again - next year or ever really - but I do expect at the very least a good fight with Microsoft for third place, and third or even fourth place in a pretty lucrative market is nothing is shrug off.

El Platanero

I disagree with the fact that android is even factored in. When it comes to Android it is a competition of operating systems which in RIM's case is not exactly top notch. When you include dependability and security and the hardware itself Android is Fragmented to multiple platforms which should be factored in when making this assesment. I think there should be a determination made based on the entire system being with one company (I.E Blackberry, Apple and now Windows with Nokia Hardware).

When Android includes their motorola devices only then should they be calculated into the total.

Only my opinion.

Kiddo2050

Apple didn't really take off until they hired some designer from the UK to design all of their products. Face it, Apple is a designer brand not a computer brand.

The only real creadit you can give Jobs is hirhing that guy full stop. If apple was still desigining products that looked like the the first Mac or the Lisa. They would be no where Steve Jobs or not.

How valuable was Jobs? Not very says the market. Apple stock hasn't reacted much to his death.

If RIM turns around it will be because of the acquisition of QNX and maybe TAT. Mike L and Jim B will get a lot of praise if RIM turns around but my guess is they were not instrumental in those deals. As CEOs you get the blame and the glory but that is rarely the full story.

onbberry

QNX could be that last nail in RIMMs coffin...

El Platanero

Wrong. QNX will be the reason why RIM at least stays in the mix. Even if its RIM's presence in vehicles at a professional level (emergency vehicles, military etc). QNX is top of the line of dependability combined with Blackberry Security the ship will stay afloat until they catch up with the competition.

onbberry

"...top of the line of dependability.."???
october and november was all about "dependability" for rim :)
and i hope all those happy playbook customers myself included will get in february what they paid for in the summer

the ship is sinking

shebmiller

your ship maybe...

onbberry

my ship is sailing just fine,
i just hope the stock will go up higher from here pre QNX release so i can short it AGAIN!!!
gl

Paintedeyes

i got stock at 21 dollars a share. only got 5 shares. im debating on more with the prices now. i totally have faith in rim but this wont be a fast money maker

LuayS

who the hell agreed to sell you 5 shares? I thought shares were sold/purchased in batches of 100.

on another not, what is the point of your investment even if it reached its previous 115 market price you only make about 450 give or take commission/transaction fees. Unless, your doing this for the hell of it. (not attacking, just trying to see your reasoning)

bradfordjohnson

Good job Paintedeyes. You have to start somewhere. I just doubled my investment on RIMM to bring down my average cost. Certainly don't invest what you're not willing to lose...but you could definitely do well within a year by buying a few more shares.

Other commenter: you can buy just about any number of shares you want as long as they aren't penny stocks. I use Scottrade who charges a $7.00 fee per block of stocks you buy. So 50 shares today carry a $7 fee, 100 shares tomorrow is no different. It's best to buy them all in one run though to avoid having to pay $7 so many times.

shebmiller

I think I cleared my throat twenty times while watching this in the hopes that it would help this man out... Not trying to be mean or anything... just sayin'...

19cbb

Laszlo... Mike Lazaridis is no Steve Jobs.
Not even Windex can save the RottenBerry!