RIM’s Stock Falls Below Book Value

Hugo Miller and Matt Walcoff, reporting for Bloomberg:

RIM fell 3.3 percent to $18.66 at 1:31 p.m. in New York, below the book value per share of $18.92 at the end of last quarter, according to data compiled by Bloomberg. Book value comprises a company’s assets including cash, inventories, real estate and intellectual property minus its liabilities.

How do Mike Lazaridis and Jim Balsillie still have jobs?

Wednesday, 2 November 2011