Seeking Alpha

fortypercent's  Instablog

Send Message
My blog:
fun trading
  • NOK - Nokia, a few words as food for thought 0 comments
    Feb 12, 2011 6:48 PM | about stocks: NOK

    that chart looks broke!

    but, buy when there's blood on the streets!

    we all know about nokia. it's the biggest cellphone hardware company in the world. they are losing market share to google and apple and research. now they admit there is no clear road to their future business. so they are adopting the microsoft ecosystem including WP7.
    yada, yada, yada and yada.
    stock sold off 18% in just a week. whoa!

    now this has all created great opportunity for long-term dividend investors.
     NOK debt to equity ratio is 0.37 and Quick ratio is 1.4. guidance is for revenue to be up and earnings in the coming year. about half the stock price of $9.36 is made up of their holding of $4.54 per share cash. this is one cheap $36 billion tech giant selling with 2 price to cash ratio and 10 price to free cash flow ratio. and, by DFCF they are indeed markedly undervalued.

    these guys now have a great system to run their great hardware. they have a sound business that gives them resources and the time to get things right.

    i say NOK should rise 20% from here in the coming year. the opportunity is to ride the comeback while collecting the 5.8% dividend!

    no position, yet

    Stocks: NOK
Back To fortypercent's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


  • looking at trading YHOO short-term and STEC
    Jul 19, 2009
  • ETFC - E*Trade was trading very lively last week. After reviewing the charts i think ETFC is good for a 1% - 2% position.
    Jun 14, 2009
More »
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.