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Technology Stocks : Research In Motion TSE RIM Nasdaq RIMM
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To: Sleeperz who wrote (963)9/29/2008 7:48:01 PM
From: X-Ray Man  Read Replies (1) of 989
 
Done deal, eh? Recession is under way, corporate spending will go down, and the forward outlook that RIMM gave suggested the previous growth rates were not sustainable...before this meltdown. That means the multiple is no longer justified, and the stock price should adjust. And it did. the multiple is now closer 20, which is where I think it will settle.
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