Tuesday, November 1, 2011

Research In Motion New Low

RIMM hit another new low today.  The stock can't catch a break, probably with good reason.  Still, RIMM is a great case study of how super momentum can turn into the complete opposite when dealing in tech markets.  RIMM's P/E is now a puny 3.5x trailing earnings.  It's hard to believe that this stock once traded for $150 per share.

EPS has grown by 100% since then, from $2.71 to $5.46, but the stock has fallen by 86%.

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