My stock pick for this final quarter of 2009 is Motorola (MOT). You may have heard of this company - they make cell phones. Say what you want about the quality of your moto of the past, I'm looking toward the future here. The smart phone war is full in effect right now and everyone is looking for the next iphone. Google launched its Android platform late last year to compete with the apple platform. As all of us know, The first few Android based phones did not fair so well because they were released on shitty carriers like sprint and t-moble. But finally Verizon has gotten into the mix and the Droid will be the first phone sold exculsively by Verizon. Motorola is a bit late getting into the game - but so far the Droid has gotten some stellar reviews. Just in time for the holiday shopping period - I think the Droid will sell. If i'm gonna bet on any two companies to put a good fight with apple - i'd take my chances on Verizon and Google.
Moto is selling right now around $9 a share - right in our wheel house. And if we get on it now, we may be able to take advantage of the holiday sales and hopefully make ourselves some money. Its a bit of a risk going in on a company that has struggled as of late to hold their market share on cell phones, but they have done some streamlining their product line in the past few years and focused their concentration on the smart phones and mobile computing. I think this investment is a good opurtunity for us to get in on a rising smart phone platform (Google) and hopefully catch Motorola on its way back up the cell phone food chain.
Looking forward to hearing everyone elses picks for this qtr. One final note - please try and send me your money tomorrow - no later than thursday so we can have the funds in place for Monday morning. See you boys on Sunday!
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