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This response is meaningless. Any public company will say the same jargon to reassure their shareholders but I will put money down that internally RIM executive
by kin 15y ago
This response is meaningless. Any public company will say the same jargon to reassure their shareholders but I will put money down that internally RIM executives are dwelling on the letter and taking action.
- swombat 15y agoI will put money down that internally RIM executives are dwelling on the letter and taking action Really? Are you buying some RIM shares then?
- esrauch 15y agoEven if he thinks the company is going to end up doing better in the long term, that doesn't necessarily mean he should purchase the stock. He could think they are going to be making moves with only minor announcements and the stock will fall despite the company actually doing something that will fix their downward trajectory. Stock purchases are more closely tied to what the public perception of their trajectory is, or even higher order (eg what will individuals on average predict what the public will think the company worth is).
- wtracy 15y agoThat probably depends on whether "taking action" means "actually addressing the issues" or "shoring up the stock price up long enough for the board of directors to cash out".
- kin 15y agoBy putting money down I just meant 'confidence' in my point. And my point wasn't that the company is going to do well but that they now have the awareness that they are currently going about things incorrectly.
- VladRussian 15y ago> and taking action. i think right now they are in the meeting discussing action plan to put together plan of actions.