Canada Exports Oil, Gold, Wood And BlackBerrys
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The company made its bones through the BlackBerry suite of smart phones. It was among the first of the smart phones, combining talk with texting with e-mail and Web access. This is the N in CAN SLIM: New products or services that put a company on a sustained growth path.
BlackBerry hit all the right notes. It’s a high-priced, fat-margin product that sold like hot cakes. No wonder RIM’s stock almost doubled since August 2006. It’s up more than 60-fold in the past five years.
Now RIM is building a new base. The cup is 42% deep, more than you’d find in most market winners. However, the correction isn’t excessive for a growth stock when put in the context of the market’s slide.
Via CNN Money
