CIBC Last Friday 14/12/12, CIBC reiterated their Sector outperform- Speculative ratings on RIM
with a target price of $17.00.
They also said they believe that Investors should buy RIM shares now.
CIBC forward EPS estimates are
Q3 2013 - .29 cents loss
Q4 2013 - .04 cents loss
Q1 2014 + .17 cents gain
Q2 2014 + 20 cents gain
Q3 2014 + 24 cents gain
Q4 2014 + 24 cents gain.
Remember too RIM is not going to be delisted from the Nasdaq, but will not be recognised
as a Nasdaq 100 company because their s/p fell lower, thus dropping their market cap.
Usually Mutual Funds that use Nasdaq 100 as one of their investment styles, will switch
their RIM shares into another style, and not sell out.