openPR Logo
Press release

RIM Preparing for a Sale, Reports Profit Confidential, a Leading Financial Newsletter

06-11-2012 08:13 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Profit Confidential

market sector,global market,US economy,michael lombardi,profit confidential

market sector,global market,US economy,michael lombardi,profit confidential

Sasha Cekerevac, contributor to Profit Confidential, argues that Research In Motion Limited (RIM) is being left behind in the smartphone sector, with only 6.4% global market share in the last quarter, down from 13.6% in the first quarter of 2011. According to Cekerevac that RIM management’s recent actions are aimed at making the firm more appealing—to would-be buyers.

In the article “Is Research In Motion Preparing for a Sale?” Cekerevac points out that more job cuts are coming down the pipeline for RIM and it is highly probable that additional write-downs will occur.

According to Cekerevac that the goal for new RIM CEO Thorsten Heins is to clean up the firm and sell it before it’s too late.

“No one wants to buy a bloated firm that’s only a small, marginal player in the market sector,” suggest Cekerevac.

In regard to a possible write-down, Cekerevac suggest, “RIM has a massive inventory glut, since no one is buying these phones.”

With the new Samsung “Galaxy S3” already out and the Apple “iPhone 5” due in a few months, Cekerevac thinks these phones will completely destroy the “BlackBerry” maker. “Especially since RIM is going to miss back-to-school; if they miss the Christmas holidays, they’re essentially done.”

Cekerevac notes that the competition has put RIM products far behind the technological curve: “The market sector is advancing rapidly, and RIM is simply too far behind to catch up.”

“The only positive point right now is that finally management at RIM has thrown in the towel and is ready to sell the company,” suggest Cekerevac. “With revenue declining every quarter at a massive rate, they have only months to go to sell at any price.”

Profit Confidential, which has been published for over a decade now, has been widely recognized as predicting five major economic events over the past 10 years. In 2002, Profit Confidential started advising its readers to buy gold-related investments when gold traded under $300 an ounce. In 2006, it “begged” its readers to get out of the housing market...before it plunged.

Profit Confidential was among the first (back in late 2006) to predict that the U.S. economy would be in a recession by late 2007. The daily e-letter correctly predicted the crash in the stock market of 2008 and early 2009. And Profit Confidential turned bullish on stocks in March of 2009 and rode the bear market rally from a Dow Jones Industrial Average of 6,440 on March 9, 2009, to 12,876 on May 2, 2011, a gain of 99%.

To see the full article and to learn more about Profit Confidential, visit www.profitconfidential.com.

Profit Confidential is Lombardi Publishing Corporation’s free daily investment e-letter. Written by financial gurus with over 100 years of combined investing experience, Profit Confidential analyzes and comments on the actions of the stock market, precious metals, interest rates, real estate, and the economy. Lombardi Publishing Corporation, founded in 1986, now with over one million customers in 141 countries, is one of the largest consumer information publishers in the world. For more on Lombardi, and to get the popular Profit Confidential e-letter sent to you daily, visit www.profitconfidential.com.

Michael Lombardi, MBA, the lead Profit Confidential editorial contributor, has just released his most recent update of Critical Warning Number Six, a breakthrough video with Lombardi’s current predictions for the U.S. economy, stock market, U.S. dollar, euro, interest rates and inflation. To see the video, visit http://www.profitconfidential.com/critical-warning-number-six.

Profit Confidential is Lombardi Publishing Corporation’s free daily investment e-letter.

Profit Confidential
350 5th Avenue, 59th Floor New York, NY 10118

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release RIM Preparing for a Sale, Reports Profit Confidential, a Leading Financial Newsletter here

News-ID: 224514 • Views: 2407

More Releases from Profit Confidential

Homebuilder Stocks Continue to Improve, According to Leading Financial Newslette …
According to George Leong, contributor to Profit Confidential, while home prices continue to slide across the nation, there have been improvements in the homebuilder sector. “An improving economy and some job creation are helping to attract buyers to the housing market and the hope is that prices will advance higher,” suggest Leong. In the article “Homebuilder Stocks Show Improvement, But Stay Selective,” Leong notes that builders are seeing higher demand down
Chinese Economy Could Crash; Special Report by Leading Financial Newsletter Prof …
After studying the economy and lowering his economic forecast based on numerous sources, both from the government and independent firms, Sasha Cekerevac, contributor to Profit Confidential, concludes the Chinese economy may soon crash. In the article “Is China a Ponzi Scheme?,” Cekerevac expresses his worry that if the Chinese economy were to crash suddenly, it would have a severe impact on the global economy, including the U.S. “Recent activity by Chinese
Pension Funds Hiding the Truth; Special Report by Leading Financial Newsletter P …
The situation for municipal pension funds is beginning to deteriorate, according to Michael Lombardi, lead contributor to Profit Confidential. Lombardi believes the main problem facing all states and municipalities is their budget deficits. In the article “Public Pension Funds Hiding the Truth?,” Lombardi suggest that what the states and municipalities are not telling the public is that they have not changed their future projection of earnings for their pension funds. “In this
U.S. to Fall into Recession; Economic Report by Profit Confidential, a Leading F …
May was the turning point for the global economy, according to Michael Lombardi, lead contributor to Profit Confidential, according to him the bottom is falling out from under the U.S. economy again, heading into another recession. In the article “The Inevitable U.S. Recession; Part II Starts,” Lombardi highlights several statistics that back up his assertion. “Manufacturing sank to a three-year low in May for the 17-member European Union,” suggest Lombardi. “The economic

All 5 Releases


More Releases for Cekerevac

Chinese Economy Could Crash; Special Report by Leading Financial Newsletter Prof …
After studying the economy and lowering his economic forecast based on numerous sources, both from the government and independent firms, Sasha Cekerevac, contributor to Profit Confidential, concludes the Chinese economy may soon crash. In the article “Is China a Ponzi Scheme?,” Cekerevac expresses his worry that if the Chinese economy were to crash suddenly, it would have a severe impact on the global economy, including the U.S. “Recent activity by Chinese
Gold Poised for a Breakout, Commodity Report by Leading Financial Newsletter Pro …
A lot of talk has been focused on gold bullion over the past few years and Sasha Cekerevac, contributor to Profit Confidential, has identified a positive technical indication that might lead to a potential breakout. Cekerevac believes that the recent pullback in gold does not invalidate the bull market in gold bullion, but he is waiting for a breakout outside the current trading range to become manifestly bullish. In the recent
Canadian Dollar Likely to Strengthen, FX Report by Top Financial Newsletter Prof …
In his recent Profit Confidential article, Canadian Dollar Poised for Long-term Strength, Sasha Cekerevac reports that March’s number for job creation in Canada came in at over 82,000 jobs. The editor feels that this positive news will help propel the Canadian dollar higher. “With a population approximately 1/10th the size of the U.S., it would be the equivalent of the American economy creating 820,000 new jobs in March,” suggest Cekerevac In
Financial Site PennyStockDetectives.Com Reveals an Ignored Uranium Stock Achievi …
Sasha Cekerevac, co-editor for Penny Stock Detectives, believes many investors have ignored uranium investing, because of all the bad news regarding nuclear power plants following the Fukushima Daiichi disaster in Japan last year. In a recent Penny Stock Detectives article, Cekerevac argues that demand for electricity is going to continue for decades and investors who get in early have the advantage in that many people still aren’t aware of the
Higher Copper Prices Set to Drive Mining Stocks; Investigative Report by Profit …
Copper prices have bounced off the lows last year and, according to the article, The One Stock You Need to Know to Play the Copper Boom, by Sasha Cekerevac, contributor to Profit Confidential, there are many signs that this move up is only the beginning of a move that will push up mining stocks. In his article, Cekerevac notes that inventories of copper are sitting at lows not seen in
What Gold and Silver Outperformance Means for Barrick and Goldcorp; Report by Pr …
Silver was up approximately 20% and gold up just over 11% for the month of January, according to popular financial newsletter Profit Confidential. Sasha Cekerevac, contributor to Profit Confidential, believes that there is more upside, although he cautions that there is going to be some consolidation of the gains before moving up. We’re looking at monetary stimulus worldwide being implemented over the next couple of years, Cekerevac. “This will inevitably create