RIM thoughts

[Hopperbin]

But guys rim had not much income when the shares were at 100 dollars a few years ago the price was there because of forward thinking. They are earning their price now. They exceded company expectations. The offshore sales in the next couple years are going to surprise investors. In my opinion they will make north american sales look tiny. It should not be about what the share price was in the past but where it will be in the future.
Anyway sold 50 percent of the shares for the 3.5 percent gain and invested in BMO which was down 6.5 percent because of an American bank purchase which will depress their profits short term. Guess that is another story. I am going to guess there that they will hold their div. which now works out to over 5 percent which is the best for a Canadian bank which in my opinion will bring the share price back up shortly.

[cottonpicken]

I don't know enough about rim to make a call but
the banks scare me to death.

Canadas housing bubble is about to pop.

I don't know how exposed our banks are because of
cmhc-i think the write downs go directly to the
government/tax payers of canada,but anyway you
slice it those stock valuations will get hammered.

Throw in the fact our banks have a zero reserve
requirement policy(us is 10%),and the risk of a
successful bank run is freaky.

[parsley]

Mortgage issues will pop up in some Canadian banks.

CIBC had some real US issues,and they are limping from it, they did a little correcting, but they are weak as they have low assets, not ample deposits, capitalization ills, too many branches,
and too many employees. imho pars

[Hopperbin]

Parsley we need min a 20 percent down to buy a house.

[Hopperbin]

And I think you need a job to buy a house here although no one asked if I had a job. I think the local institutions knew me.

[Hopperbin]

My dad bought half million dollars worth of various Canadian banks when they were down in that 08 year, most would not cut their dividends. Now he is earning 10 percent on that invested money probably for a long time to come. He is talking of another dip because of his advise. So maybe happen maybe not.

[cottonpicken]

Actually you only need 5% down and take it out 35
years,and cmhc backstops so the banks arnt afraid to
lend,this has made a bubble.

On the plus side the banks wont lose much but tax
payers get stuck with the bill.

One other bad thing global derivatives.

[parsley]

Derivatives are CIBC's gloom, I venture a guess. Pars

[buzz]

Hey Hopper,
Do you think there is some upside still in RIM...I checked the stock out after you mentioned it the other day.

I like their position...still growing in a growth market....new products...strong with corp accounts.

Yes they have competition but it seems like it is them and Apple...not sure Google will be able to scale enough to catch them.

[Hopperbin]

Investors are definately giving rim a hard time. I chuckle when you see the advisors commenting I don't know why we don't own it. They have so much money they could be buying back their own shares right now if they wanted.
Appl is trading at 21 times earnings because of forward thinking. Rim has not much forward thinking in their share price for a 40 percent per year gain they should have. Starting down this morning makes no sense. BMO also off a few pennies. The both should not be down.

[cottonpicken]

Are you in on anything in the resource sector,hopper.

[Hopperbin]

YRI and UUU only at the moment.
UUU just bought this morning with new money. Are you willing to share some of your resourse picks?