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
We may earn a commission for purchases using our links. Learn more.
Google will pay you a measly $1.50 a week to track EVERYTHING on your phone
Google already tracks a lot of your data, whether you want them to or not. But for a mere pittance they'll track even more of it! Why? All so they can better sell ads to put in front of your face. Cooooooool.
ChatGPT's totally predictable disruption of education
The moment ChatGPT was unveiled the outcome for education was obvious: students were absolutely going to use it. But does it count as cheating?
Big Oil is coming for EVs (in a good way?)
Some of the biggest oil companies in the world have acknowledged that the future of surface transportation will largely be electric, and they don't want to miss out on that rapidly expanding pie.