Is Research In Motion Limited in Danger of Being Downgraded?
Research In Motion Limited (RIMM) is one of the best-known smartphone makers in the world. In fact, its most popular phone, the BlackBerry, is so popular — even addictive — that it has earned the nickname “Crack-berry.” However, the company has been steadily losing smartphone market share to rising stars like Apple Inc.’s (AAPL) iPhone and HTC’s slew of Android-based phones. According to the most recent IDC data, RIMM held its position as the No. 2 smartphone maker, with 19.4% of the market, while No. 3 Apple is rising quickly and holds 16.1% of the smartphone market (Nokia is No. 1). Increasing competition has taken its toll on the stock, with RIMM down more than 11% year to date. On the sentiment front, options traders and short sellers are growing more bearish on the security, but Wall Street analysts remain stubbornly bullish – a fact that could be troublesome for RIMM’s price action.. In today’s edition of the Casual Contrarian, I take a look at this analyst activity and examine
