Buying Nokia (NOK) under $3 today is like buying Ford under $2 in '09, argues SA's Jacob...

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Canary Cash Comments (471)
 
Agree wholeheartedly.
25 May 2012, 08:01 PM Reply Like

orangeblood Comments (37)
 
I hope Steinberg is right.
25 May 2012, 10:42 PM Reply Like

NokiaBeast Comment (1)
 
What does the Euro-crisis portend for Nokia? Aside from the fundamentals of the company, its strategic partnerships and its product pipeline, does European economic instability impact Nokia more or less than other competitors? Is Nokia positioned to survive the most dire of economic factors now being discussed?
26 May 2012, 06:02 AM Reply Like

bosco115 Comments (194)
 
Remove Nokia from the above story and replace it with any of the following:

RIM
Palm
Motorola
HTC

It still fits, and it's irrelevant. This is a race between Apple and Samsung. Everybody else is fighting for unprofitable scraps.

If you were foolish enough to invest in Nokia, get out. Companies can go to $0, you know.
26 May 2012, 04:12 PM Reply Like

sreimer77 Comments (191)
 
Not if they have no debt! Have you ever heard of a company voluntarily going bankrupt just to appease a few people who want them too? Zero long term debt. No creditors.. Ability to finance the company through retained earnings, operational cash flow is normally positive even with losses and a bucket full of cash/receivables. I've always excluded inventories, quick ratio of 1.5 and that leaves zero liability as have no long term debt. So we are left with a company $2.1 billion in cash after paying all liabilities and all of its assets including patents, property, plants and equipment valued at about 6.3 bil. Service revenue is like an annuity and just keeps on paying. So stop selling phones and keep the service, still worth more then it is now.
30 May 2012, 11:19 AM Reply Like

wwilliamss Comments (3)
 
Ford got government support . Nokia not.
When economie goes down, maybe apple more suffering?
26 May 2012, 07:54 PM Reply Like

DeepValueLover Comments (5067)
 
Nokia is as integral to the Finnish economy as ExxonMobil is to the American economy. It is too big to fail.

RIMM has no new products that anyone wants.

Nokia has the world's most liked cell phone in the Lumia 900.

Nokia has thousands of problems but can see it easily doubling its share price in a few years.

Might not be a bad idea to give Nokia a look...
26 May 2012, 08:50 PM Reply Like

bosco115 Comments (194)
 
These guys have been trying to catch this falling knife for months, now. I wouldn't recommend this stock to anyone.

Microsoft will buy Nokia or RIM or both before the end of the year. Then they can all be irrelevant together.
27 May 2012, 10:07 AM Reply Like

DeepValueLover Comments (5067)
 
Microsoft vacuums up $30 billion in free cash flow every year.

You call that irrelevant?
27 May 2012, 12:18 PM Reply Like

mougyhangy Comments (10)
 
thought the same when $nok price at 5.5, but a profit warming put stock price down to low of 2.7, that's almost 50% drop in 2 months (dividend may offset to some extent)

if starting point is 2.7, a roll back to 5.5 means almost double price, 100% profit, quite tempting....isn't it?

but who knows how low a underdog stock can go? my previous reading that 5 is solid bottom turned out to be a top ceiling....
28 May 2012, 12:47 AM Reply Like

mitrado Comments (1360)
 
"NEW YORK (AVAFIN) -- Block trading activities for shares of Nokia Corporation reveal that 428 block trades were executed during the market session. Trade flow analysis shows that $18,668,026 worth of shares were bought and $15,658,360 worth of shares were sold by institutional investors. The positive cash flow $3,009,665 into the stock shows that investors have bullish sentiment.

Institutional investors also took positions in options where a total of 41,614 contracts was traded. Specifically, 8,784 call and 32,830 put contracts were traded during the last session yielding a 3.74 put/call ratio."

http://bit.ly/LD9ZRS
29 May 2012, 08:42 PM Reply Like

DeepValueLover Comments (5067)
 
That put/call ratio indicates HEAVY selling pressure.
29 May 2012, 08:54 PM Reply Like

Canary Cash Comments (471)
 
Saw this today, looks like a rug pull on order for the week
29 May 2012, 09:00 PM Reply Like

Stockpikr Comments (12)
 
Ford and Nokia are not good comparisons. Ford was doing OK but it's stock was below $2 partly on the demise of GM and Chrysler that appeared to be going bankrupt. In other words, the primary competition was doing poorly and pulled F down with them. In Nokia's case, the stock is down because the primary competition is doing fantastically well. In no way is this the same. Good luck. I've lost plenty of money on NOK over the years. They should have chosen Android.
30 May 2012, 08:27 AM Reply Like

mougyhangy Comments (10)
 
msft as partner, wp as platform seems logically and strategically right. the only problem for $nok is running out of time....$rimm's heavy unsold inventory is another indicator, same thing will happen to $nok.

my avg cost is about 5.5, and cut loss at 4.1, quite a pain...but i am happy from today's point of view. someday i may build position again, but not now. holding $aapl i can have better sleep, though i thought holding $nok i could have better dream....
31 May 2012, 04:25 AM Reply Like

mitrado Comments (1360)
 
Sure, but holding AAPL has the potential to turn into a bloody nightmare, as RIMM has demonstrated that so well.
2 years ago everyone loved Blackberrys and shares hit $144. Everything was rosy, everyone was happy.

It just takes a wrong move for AAPL investors to dump its stock, leading it to a path of self-destruction. The love for Apple won't be eternal.

At these prices, I fear getting into AAPL even more than getting into NOK

... and please don't come talking about how low AAPL's P/E is...
Apparently investors can't care less about P/E's.
The proof? LNKD has a P/E of over 600. No further evidence needed. :-P
31 May 2012, 05:27 AM Reply Like