Bet on RIM to Take No. 3 Spot: Pro
Online Producer
Research In Motion has a low hurdle to clear to be able to call BlackBerry 10 a success, Ironfire Capital's Eric Jackson said Thursday on CNBC.
On "Fast Money," Jackson said a relatively small segment of the world's 79 million BlackBerry users would have to upgrade to RIM's new smartphone.
"They need to sell 18 million just to basically break even," he said. "I think 18 million out of 79 million upgrading, I think that's a pretty low bar."
Jackson said that he expected to hold RIM shares for a year and reassess just before the launch of the company's overhauled operating system.
And just because RIM's BlackBerry 10 operating system wouldn't beat either Apple's iOS or Google's Android platform doesn't mean the stock is a loser.
"I think somebody's got to be No. 3," he said. "I think RIM's got the best shot out of anybody out there."
Trader disclosure: On Dec. 20, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders: Tim Seymour is long BAC; Tim Seymour is long INTC; Tim Seymour is long RIMM; Tim Seymour is long AAPL; Jon Najarian is long CME; Jon Najarian is long CBOE; Jon Najarian is long call spreads in AAPL; Jon Najarian is long call spreads in GS; Jon Najarian is long call spreads in JPM; Jon Najarian is long call spreads in GLD; Jon Najarian is long call spreads in FB; Jon Najarian is long call spreads in GOOG; Jon Najarian is long call spreads in NKE; Jon Najarian is long call spreads in SINA; Karen Finerman is long AAPL PUTS; Karen Finerman is long AAPL; Karen Finerman is long BAC; Karen Finerman is long BAC CALLS; Karen Finerman is long WMT; Karen Finerman is long TGT; Karen Finerman is long MSFT; Karen Finerman is long GOOG; Karen Finerman is short SPY; Steve Grasso is long AET; Steve Grasso is long ASTM; Steve Grasso is long AUO; Steve Grasso is long BA; Steve Grasso is long F; Steve Grasso is long GDX; Steve Grasso is long GOOG; Steve Grasso is long LF; Steve Grasso is long LNG; Steve Grasso is long MHY; Steve Grasso is long P; Steve Grasso is long PXD; Steve Grasso is long NVIV; Steve Grasso is long PFE; Steve Grasso is long S; Steve Grasso is long WYNN.
