*cough* Nortel *cough*
Just kidding guys I'm sure that won't happen to you.
Seriously though RIM has an outrageous P/E multiple and is wildly overpriced by just about any metric IMO.
In regards to the talk about RIM being the largest company in Canada, perhaps it narrowly beats RBC in market cap, but take a look at real money:
RIM Q2 Revenue: $1.37B
Net Income: $287.7M
Royal Bank Q2 Revenue: $5.48B
Net Income: $1.395B
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"The point is, ladies and gentlemen, that greed, for lack of a better word, is good. Greed is right, greed works. Greed clarifies, cuts through, and captures the essence of the evolutionary spirit. Greed, in all of its forms; greed for life, for money, for love, knowledge has marked the upward surge of mankind."
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