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