Laszlo Birinyi Recommends RIM as ‘Long Shot’ Investment Idea

Investors should consider buying shares of BlackBerry maker Research In Motion Ltd., according to Laszlo Birinyi, who advised clients to buy equities before they bottomed in March 2009.

“It is a long shot, but it is an idea which no one has considered,” Birinyi, founder of Westport, Connecticut-based Birinyi Associates Inc., said in an interview today on Bloomberg Television’s “In The Loop” with Betty Liu. “They still have some patents, they still have a product, they still have a brand,” he said. “Every once in a while you want to go out there and take a shot.”