Thursday, December 20, 2012

RIM loses millions in quarter but adds half a billion to cash hoard

Note that sentence about half way through the article; "cash on hand grew by $600 million to 2.9 billion."

Seems that those who have been declaring the Blackberry dead may have been a little premature.

Going forward of course everything depends on how the BB10 fares out in the coming months. A lackluster reception means the recent climb in the share price will stall out.

At the same time, even with a declining market share in mature markets, as long as Blackberry maintains a strong presence in emerging markets that cash hoard will continue to grow, especially with so many of the corporate cost-cutting measures just starting to kick in.

The stock is no longer the achingly obvious buy that it was in September, but it could easily top $20 even before we see what the marketplace thinks of BB10.

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