This is an excellent account of the fall of Research in Motion (RIMM). Even though the company has executed very poorly I believe the intrinsic value of the stock is quite a bit higher than the current price. There is a wide range of potential outcomes so I wouldn’t make it a large concentrated positions, but I do believe the stock is undervalued at current levels. Enjoy!
INVESTING IN THE FINANCIAL MARKETS INVOLVES RISKS. OPTIONS ARE NOT SUITABLE FOR ALL INVESTORS.