Where is Research in Motion Headed?

Or is RIM a Sell?

But Morgan Stanley analyst Ehud Gelblum believes that the company’s second quarter earnings, which were far better than analysts expected, were an aberration rather than the beginning of a turnaround.

“We continue to believe BlackBerry 10 has a low chance of success,” Gelblum said in a research note seen by AllThingsD. “While some of the new features on BB10 seem innovative, we had a similar reaction to Palm’s webOS when we saw it at CES in ’09. Ultimately we believe BB10 is too late, and subs continue to shift to competitive devices.”

The statistics support his point. According the most recent iPass Global Mobile Workforce Report, only five percent of the survey’s respondents said they were planning to upgrade to the BlackBerry 10.

CHEAT SHEET Analysis: Analysts Have Been a Key Catalyst for RIM’s Stock?

One of the core components of our CHEAT SHEET Investing Framework focuses on catalysts that will move a company’ stock. Analyst commentary over the past week has caused distinct swings in Research in Motion’s stock price; after trading just above its 100-day, 50-day, and 20-day simple moving average for most of last week, the stock fell back below that range based on Morgan Stanley’s critical note.

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