Research In Motion shares fall to nine-year low
Posted November 2, 2011 12:50 pm.
This article is more than 5 years old.
RIM shares have fallen below book value for the first time since 2002. The Blackberry maker’s shares fell to $18.61 (U.S.) in New York trading.
Neeraj Monga, an analyst at Veritas Investment Research Group Corp. in Toronto, told Bloomberg that there’s a 50 per cent change to the stock will drop to single digits within 12 months.
According to Bloomberg, analysts estimate that the company’s book value will increase 7.7 per cent to $20.38 a share in this quarter.
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