RIMM

RIMM’s Weakness Persists Despite Initiation of Share Buyback

The weakness in the shares of Research In Motion (RIMM) persists despite the company’s apparent initiation of its share buyback program on November 9, 2009. Two weeks ago, I used intra-day trading action to suggest that RIMM launched its share buyback program. Overall daily volume surged for three days along with price. The stock then … Read more

Potential Early Evidence of RIMM’s Share Repurchasing At Work

RIMM officially began its share repurchase period on Monday, November 9. Since then, the intra-day trading seems to provide evidence that RIMM (or some other large buyer!) has gone to work purchasing shares. The chart below shows a 10-day chart of RIMM with trading broken into 30-minute blocks. The first 30-minutes of trading on Monday, … Read more

RIMM’s Repurchase Plan Is Much Larger in Scale Than 2005’s

On a strong market day, RIMM opened up over 2% and, at the time of writing, is up over 4% on the day. RIMM’s share repurchase period begins today, and, so far, so good for propping up the stock. Yesterday, I expressed my doubts that RIMM would spend the entire $1.2B that its board authorized, … Read more

RIMM Is Not Likely to Spend $1.2B On Its Share Repurchase Program

On November 5, Research In Motion (RIMM) announced a buyback of up to $1.2B in shares starting November 9 and lasting for up to a year. When I read this announcement, I pounced on the stock the minute pre-market trading opened. This was quite a mental exercise for me because I had just closed out … Read more