{"id":313575,"date":"2010-02-12T08:54:00","date_gmt":"2010-02-12T13:54:00","guid":{"rendered":"e2249889-c78b-43e3-9643-b1d7d4aa587b:395123"},"modified":"2010-02-12T08:54:00","modified_gmt":"2010-02-12T13:54:00","slug":"rare-opportunity-to-buy-rim","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/313575","title":{"rendered":"Rare opportunity to buy RIM"},"content":{"rendered":"<p><a href=\"http:\/\/network.nationalpost.com\/np\/blogs\/tradingdesk\/RIMphone.jpg\"><img decoding=\"async\" src=\"http:\/\/network.nationalpost.com\/np\/blogs\/tradingdesk\/RIMphone.jpg\" align=\"middle\" border=\"0\" hspace=\"5\" alt=\"\" \/><\/a><\/p>\n<p>With a valuation below its peers and near historical lows, RBC Capital Markets analyst Mike Abramsky sees a rare opportunity for investors to buy shares of Research In Motion Ltd. He upgraded the stock from Outperform to Top Pick and has a price target of US$120, which represents upside of <a href=\"http:\/\/www.financialpost.com\/markets\/company\/index.html?symbol=RIMM&amp;id=98948\" >more than 70%<\/a>.<\/p>\n<p>RIM shares have passed their \u201cbogeys\u201d \u2013 things like stumbles with its Storm device, launches from Apple and Google, as well as downshifts in both average sales price and gross margins. Mr. Abramsky also noted that the chances of a Verizon iPhone are just 50% in 2010, yet its arrival is reflected in RIM\u2019s valuation.<\/p>\n<p>The analyst pointed out that the BlackBerry maker has several catalysts coming in the near future. The first comes in anticipation of strong quarterly financial results at healthy margins, sustained channel leverage, global momentum, an enterprise refresh and sustained U.S. market share.<\/p>\n<p>Next he cites the fact that RIM is closing the gap with an improved browsing experience, an updated user interface, and futher momentum with developers and applications.<\/p>\n<p>Third, Mr. Abramsky tells clients that RIM is providing new \u201ccool\u201d consumer handsets, \u201cSuper Apps\u201d through parterships that leverage its platform, a new operating system, a competitor shakeout and other positive surprises.<\/p>\n<p>\u201cReversing concerns about recent trends, we foresee 2010 trends favoring RIM, as Smartphone growth shifts beyond US-centric iPhone clones&#8230;\u201d he said.<\/p>\n<p>Mr. Abramsky noted that RIM is poised to become a Top 5 handset vendor by 2011, with above-peer growth and profitability. He also feels the Street\u2019s estimates are beatable, with fourth quarter checks showing momentum is ahead of plans. Meanwhile, pending lauches of the Tour2 and 3G Pearl should drive upgrades and consumer uptake.<\/p>\n<p><a href=\"mailto:jratner@nationalpost.com\">Jonathan Ratner<\/a> <\/p>\n<p><i>Photo: A Blackberry Bold 2 smartphone is seen at the Research in Motion headquarters in Waterloo. (REUTERS\/Mark Blinch)<\/i><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/network.nationalpost.com\/NP\/aggbug.aspx?PostID=395123\" width=\"1\" height=\"1\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>With a valuation below its peers and near historical lows, RBC Capital Markets analyst Mike Abramsky sees a rare opportunity for investors to buy shares of Research In Motion Ltd. He upgraded the stock from Outperform to Top Pick and has a price target of US$120, which represents upside of more than 70%. RIM shares [&hellip;]<\/p>\n","protected":false},"author":4059,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-313575","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/313575","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/4059"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=313575"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/313575\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=313575"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=313575"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=313575"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}