Like we recently discussed, there’s a lot of dirt being blown around the RIMM stock lately. Luckily, it seems as though no one is backing down and continues to support the BlackBerry-maker, and that includes analyst heavyweight Jim Cramer. I’ve only known of Cramer from his absolutely enthralling “Mad Money” (no sarcasm, surprisingly) show on CNN, and it appears as though in a last night’s episode, Cramer highlighted RIM and mentioned he prefers the ‘Berry-boys over GPS-maker Garmin.
RIMM trades at 29 times earnings with 22% growth, or 1.3 time growth rate; GRMN trades at 20 times next year’s earnings. Cramer thinks that RIMM is the gadget stock to own through the end of the year. He thinks that RIMM has the best software out there. Cramer says NO to GRMN and says RIMM is a winner even though it is up huge.
Thanks to the source.