• Home
  • About PCM
  • Investment Management
  • Accounting & Small Business
  • Blog
  • Contact
Menu

Peridot Capital Management LLC

Serving Clients Nationwide
Based in Seattle, WA
(425) 296-0662

Your Custom Text Here

Peridot Capital Management LLC

  • Home
  • About PCM
  • Investment Management
  • Accounting & Small Business
  • Blog
  • Contact

Research in Motion Options Scandal Is A Non-Event

February 18, 2009 Chad Brand, Peridot Capital Management LLC
rimm.gif

Shares of Research in Motion (RIMM), maker of the popular Blackberry line of smart phones have fallen to $44 per share and the latest news is that the SEC has reached a settlement with RIM executives over an options backdating scandal. I thought options backdating was over and done with, but evidently there are still some cases that have yet to be resolved.

A lot was made at the time options backdating came to light, and the practice is certainly unethical, but it really will have no impact on the company's business. RIM shares are down 70% from their highs and now trade at only 13 times current year earnings estimates. If you think Blackberries are here to stay, the weakness this week, in part due to the options headlines, is giving investors an interesting entry point.

Full Disclosure: No position in RIMM at the time of writing, but positions may change at any time

In tech and telecom
← Obama Housing Plan DetailsWill Obama's Stimulus Plan Work? →

Peridot Capital Management LLC is a registered investment advisor in the states of Maryland, Texas, and Washington. The firm may not transact business in states where it is not registered or exempted from registration. In most states, the firm is exempt from registration if it has fewer than six clients who are residents of that state. As a result, Peridot Capital Management LLC is free to provide services to residents of every state and applies for registration as required. Individualized responses to persons that involve either the effecting of transactions in securities, or the rendering of personalized investment advice for compensation, will not be made without registration or exemption.

The content published on our blog represents the opinions of Mr. Brand and he and/or his clients may hold positions in securities discussed. Such positions will be disclosed at the time of publication, although subsequent changes to those positions will be made without notification. The information contained in blog posts is believed to be accurate when published, however, mistakes could be made. As a result, do not rely on the content exclusively for your investment due diligence. The commentaries published do not constitute investment advice, as readers’ personal investment goals and risk tolerances will dictate which investments are appropriate for them. Our blog is meant to be one of many sources for readers to conduct their own research into specific investments. Consult an investment professional before acting solely on information found on this site. If you do not have an investment professional to work with, you may contact Peridot Capital Management LLC directly.