Canadian Stock #6 -
Research In Motion (RIMM)
Headquartered in Waterloo, Ontario, Canada, consumer electronics giant Research In Motion (RIMM) basically invented the smartphone, rolling out its iconic BlackBerry device in 2002. The gadget has been providing endless distractions to businessmen and women ever since — including Barack Obama, who claims he’d be lost without his BlackBerry.
This technology is completely in synch with modern businesses and consumers alike, and stylish new offerings like the BlackBerry Bold and the BlackBerry Curve continue to find broad appeal even as the iPhone remains the gadget du jour. The company has improved its earnings across each of the last four quarters and has also topped Wall Street estimates in each of the last four reporting periods. That’s a strong trend of success that even the iPhone can’t disrupt.
I remain confident that RIMM is a smartphone heavyweight that’s here to stay, and I look forward to continued success from this stock.
- Poll of the Day