Stock analyst Gus Papageorgiou at Scotia Capital used to recommend buying Research in Motion. Not anymore. And he's very unhappy with the management of the Blackberry maker:
Fiscal 2012 has been nothing short of disastrous for the company filled with delayed product launches, poor investor communications, missed financial targets, and terrible execution. There is little chance that investors are likely to accept the status quo. We believe management has to signal that changes are coming if it hopes to maintain any investor base. The Co-CEOs have built this company to a global player with unique competitive advantages, but the failure to recognize and react to the shifting dynamics in the competitive environment and the chronic mis-executions in the past year cannot go unnoticed.
-Barron's tech blog, December 5, 2011