Research In Motion crossed a grim threshold on Wall Street recently. The BlackBerry maker’s shares closed at $19.02 Thursday, less than a third of their $66.20 high for this year, attained in February, and lower than they’ve been since May of 2004, when they hit $19.99. Thursday’s share prices were below the company’s book value, which stands at $19.05 per share, according to Standard and Poor’s Capital IQ. A company’s book value consists of its total assets, including intellectual property, minus intangible assets and liabilities.
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RIM Shares Fall Through Book Value Floor
Posted by: Richard Adhikari November 3, 2011 02:59 PMResearch In Motion crossed a grim threshold on Wall Street recently. The BlackBerry maker’s shares closed at $19.02 Thursday, less than a third of their $66.20 high for this year, attained in February, and lower than they’ve been since May of 2004, when they hit $19.99. Thursday’s share prices were below the company’s book value, which stands at $19.05 per share, according to Standard and Poor’s Capital IQ. A company’s book value consists of its total assets, including intellectual property, minus intangible assets and liabilities.