Alpwolf's  Instablog

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Retired and dabbling in old money... I buy, sell, trade and collect old coins Buy and hold securities... speculate with a few for fun or what would you call buying FB
  • The Case For NOKIA... 0 comments
    May 19, 2013 10:33 AM | about stocks: NOK

    about NOKIA...

    everyone knows by now that the former Management screwed up

    royally .but why so many investors believe the current management

    is doing the same is truly puzzling.

    not recognizing mistakes and therefore not doing anything about them would have been fatal.

    recognizing them and working everyday to correct them is another thing and that is what I see Nokia's current management doing.

    In my mind the threat of going bankrupt has long past...

    Operations have been scaled back, moved to lower cost locations,

    Cash is being carefully preserved and allocated and that is precisely what is needed.

    so why the almost fatalistic view ?

    you would have to believe Nokia does not know how to make phone's

    anymore... and that is not true.,is it ?

    several new products have been introduced and that is only possible

    by spending on research and drawing on Intellectual Property...

    In the small world of a singular marked one might be worried of

    Nokia's fortunes.

    again that's just not so...

    it's a big world out there !

    Disclosure: I am long NOK.

    Additional disclosure: I have bought and sold NOKIA on and off now holding on for the long run...

    Stocks: NOK
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