Laszlo Birinyi announced today his annual stock picks for the coming year. Research In Motion was one of his picks, which has made the stock surge by 7%. “It’s [BlackBerry] been beaten down. It’s a brand, it’s got its fans, and it’s got its products,” Mr. Birinyi said. “I think it is a longshot. These are not widows and orphans stocks, but like we did last year, we want to pick some stocks that have the potential to do well, and aren’t necessarily a portfolio, but they are a good start.”
Birinyi has had quite a successful passed with choosing wise stock picks. In 1997 he chose Apple while it was at $7 a share. Just last year his group has averaged a gain of 17.89%, compared to the S&P 500′s loss of roughly 1% this year. 2012 will make for a very interesting year as RIM moves away from its traditional operating system (BBOS) to the new BBX found on the BlackBerry PlayBook. Let’s hope Birinyi is right, for RIM’s sake.