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Not Much Hope in RIM Bounce Long-Term: Analyst

Thursday, 27 Sep 2012 | 5:24 PM ET

Better-than-expected earnings boosted Research In Motion stock in after-hours trading, but there’s not a lot of hope left for the BlackBerry maker, Evercore Partners analyst Mark McKechnie said Thursday on CNBC.

“I don’t think it gives you hope on BlackBerry 10 or that they’re going to turn it around. I think what you learned today, though, is that they are doing well in survival mode,” he said on “Fast Money.” “I think the Street was looking for a train wreck, and we got a fender-bender here.”

RIM Hinges on BlackBerry 10, Evercore Analyst Says
Bullish activity in Research In Motion stock might not last into next year, Evercore Partners analyst Mark McKechnie says.

Tightening supply in Apple iPhone 5 components could provide better margins for RIM, but Apple and Google Android smartphones are still positioned to do well in the long-run, McKechnie said.

But don’t expect the bounce to last, he added.

“I think things are going to get quite tough for them next year. The make-or-break is going to be the upgrade cycle for BlackBerry 10,” McKechnie said. “You’re going to have a tough time stealing an Apple subscriber or a Samsung, Google subscriber with a BlackBerry 10 product.”

Trader disclosure: On Sept. 27, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s “Fast Money” were owned by the “Fast Money” traders: Dan Nathan is long AAPL; Dan Nathan is long GS; Dan Nathan is long WFC; Dan Nathan is long YHOO; Dan Nathan is long FB; Dan Nathan is long MSFT; Dan Nathan is long AAPL Oct. 700/705 call spreads; Dan Nathan is long WFC Jan. 33/38 risk reversal; Dan Nathan is long YHOO Jan. 17.5 calls; Dan Nathan is long FB Nov./Jan. call spreads; Dan Nathan is long MSFT Oct. 30/28 put spreads; Karen Finerman is short AAPL calls; Karen Finerman is long BAC; Karen Finerman is long BAC call spreads; Karen Finerman is long JPM; Karen Finerman is long WMT; Karen Finerman is long TGT; Karen Finerman is long MSFT; Karen Finerman is long GOOG; Karen Finerman is long WTSLA; Karen Finerman is long ARO; Karen Finerman is long SPY; Karen Finerman is long TWM; Karen Finerman is long MDY puts; Karen Finerman is long SPY puts; Josh Brown is long AAPL; Josh Brown is long WFC; Josh Brown is long GDX; Josh Brown is long GLD; Josh Brown is long XLU; Josh Brown is long TLT; Josh Brown is long XLF; Josh Brown is long WMT; Josh Brown is long TGT; Josh Brown is long GOOG; Mike Murphy is out APLE; Mike Murphy is long WFC; Mike Murphy is long TGT; Mike Murphy is long LEN; Mike Murphy is short GPS.

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