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 Short Case For Nokia Corporation 4 comments
    May 21, 2014 11:37 AM | about stocks: NOK

    Elevator Pitch

    At this point probably a " no brainer " now that Nokia

    has made several Investor friendly decision...

    Thesis & Catalyst For Nokia Corporation (NYSE:NOK)

    The question is whether the Hedge Funds who are reportedly

    accumulating the companies stock will keep it ... ( or )

    are they after the dividends Nokia is about to payout...

    do they believe in the stock buyback that is to follow and

    hope that it will lift the stock higher...

    a quick sale right after the dividend dead line... will set this stock back to square one.

    Institutional holdings are still very low...

    Disclosure: I am long NOK.

    Additional disclosure: In for the long haul...

    Stocks: NOK
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  • Seppo Sahrakorpi
    , contributor
    Comments (2146) | Send Message
    Institutional holdings are at ~25%:


    Which is pretty good, and way better than the often quoted 11% (which only considers shares in NYSE).


    The short interest is at multi-year historical lows:


    No-one is betting against Nokia at scale ATM.
    21 May 2014, 12:16 PM Reply Like
  • mepa84
    , contributor
    Comments (84) | Send Message
    I think some investors who have recently bought the stock and their investment is considered short term might dump some of it before June 17 as they can lose half of the amount of divid in taxes. In other words, if the stock price is corrected by the amount of divid after Exdivd day, the can lose up to $0.25 per share if they hold it. They might buy back their share when the stock price is corrected.
    21 May 2014, 12:36 PM Reply Like
  • DWD Investing
    , contributor
    Comments (13403) | Send Message


    Definitely a possibility. I've been contemplating that, but if I did sell before exdiv and buy back,and then sell before Capital Gains, I'd pay income tax, which could be as high as 20%+ for me averaged.
    21 May 2014, 01:06 PM Reply Like
  • mepa84
    , contributor
    Comments (84) | Send Message
    @dw, in your case you paid tax on profit but in case I wrote you pay tax on zero gain.
    21 May 2014, 01:39 PM Reply Like
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