Looking Through a Bull's Eyes
By Eric Jackson The stock is back to $58, after getting up to the low $60s in recent weeks (prior to the most recent earnings release). That earnings call was unique because it didn't result in an instant 10% (plus or minus) move in the stock. For once, the bulls and bears found equal amounts to chew on in the results and the stock was basically flat -- though it's dropped a few percentage points since then. I believe that anytime an investor has a strong view on a stock, they should vet it by talking with someone who sees things from the complete opposite perspective. So, last week, I called George Papageorgiou of Scotia Capital. George is the one who has the $130 price target on Research In Motion. I asked to chat with him, making it clear that I had a short position in the company. He got back to me right away, willing to talk, which made me like him. What I also like about him is that he's got a bold call. He's not like 85% of analysts who like to stay within 10% to 20% of a stock's price and say nothing controversial. George is letting it ride with $130. Another positive for George is that this has been a call of his for over a year now for the stock. He's sticking to his guns here.
RealMoney Contributor
12/28/2010 7:30 AM EST
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An epic debate has been raging for the last six months between the bulls and the bears on Research In Motion (RIMM - commentary - Trade Now). I am decidedly on the bear side, but I acknowledge that there are good arguments on both sides.
The debate is reflected in the variance in price targets on the company. They range from $35 to $130.
