With a little more than a week to go before BB10 hits the stores, Research in Motion (RIMM) has become a hot stock again. The company that invented the smartphone may be reestablishing itself as a major player in mobile. Or, we could be watching the biggest dead-cat bounce in history.
As recently as this past September, RIMM was left for dead, trading for barely $6 per share. As this article is going to press, it has nearly tripled from those levels. A rally that large and over that long a stretch cannot be dismissed as short covering. Clearly, a lot of investors believe that the BlackBerry is making a comeback.
We’ll see about that.
— Guru Focus