RIM a Compelling Stock?


Running slightly contrary to other financial analysts, Standard & Poor reported today at BusinessWeek Online that RIM is a very compelling stock. Kenneth Leon from S&P states that RIM will greatly benefit from “pent-up demand” for their BlackBerry and projects a 30% sales growth in 2007. S&P also believes that RIM’s 1.2 billion in net cash and investments leaves them well funded to combat encroachment in their market share from Nokia and Motorola.

The rest of the article can be read here. I’d recommend checking it out if only to see a financial analyst so thoroughly backing RIM at this time.