Research In Motion (TSE:RIM) (NASDAQ:RIMM)

Research in Motion (TSE:RIM) (NASDAQ:RIMM) is making another move higher. The smart-phone stock has received multiple upgrades from various firms, and is expected to outperform the market.

RIM is associated with smart phones for businesses. I don’t think this trend is dying out anytime soon. They keep moving to different market segments and releasing their Blackberry solution there. RIM has also made a bold move into the consumer market my selling to regular customers. They have a phone for everyone.

Apple (NASDAQ:AAPL) is also on a roll here, but RIM has greater upside potential. RIM’s PE ratio (Price-Earnings multiple) is hovering around 22 while Apple’s is at 30. This dramatically undervalues and underestimates RIM’s growth potential. RIM blew away the numbers last quarter, in a recession, and the stock has been lagging behind Apple’s for months now. It’s time for RIM to catch up.



The stock has been flat lining for a while, according to the chart, but has once again broken past its 200 week moving average, and is ready to skyrocket! RIM’s long term fundamentals are also great, as smart-phones will have rapid growth in the mobile-phone market within the coming years.