Tuesday, June 20, 2006

Thoughts on RIM stock option news

Not that I was even contemplating buying them (a P/E ratio near 35 doesn't sound like value to me) but I did take notice today of news that RIM's co-CEOs recently cashed in a whack of stock options worth some $76-million.

Perhaps I shouldn't read too much into it. Executives, they say, buy shares in their company only because they think the price is going up, but they may sell them for a multitude of other reasons. So maybe I shouldn't take this as a sign that the RIM boys don't see much upside to their firm's growth prospects.

But still. It seemed noteworthy.

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