RIM's Market Cap Is Now Less Than The Total Value Of Its Assets

jim balsillie

Photo: AP

The stock market has spoken: Research In Motion has no future.Today, the stock’s price briefly dropped below its book value of $18.92 per share, as calculated by Bloomberg. That’s the value of its assets, including cash, patents, and real estate, minus its liabilities.

That basically means that the market thinks RIM will shrink, not grow. The last time the stock price dipped below its market value was when RIM was losing money back in 2003.

 

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