Retired Navy Captain, ex-bank president, now an attorney with a specialty in real property law. Have visited Helsinki and have always followed and been fond of Nokia. I'm disappointed in its present position. I believe that management should be more open with the stockholders about plans and projections. The complete elimination of the dividend was a big shock. It would have been more favorably received if the use of the savings to the company was disclosed and/ or the dividend was not completely eliminated.
I bought Nokia a few months ago at 2.60, when the majority of analysts said it was a strong buy, and when it paid a handsome dividend. One of its alleged strong points was that, because of its huge trove of patents and the siemens connection, there was "unquestionably no cash flow problem". Suddenly, the headquarters building was sold to raise capital, and then, the crowning blow, the dividend was completely eliminated in order to provide $750 M to the bottom line (not a very strong picture for a company with "no cash flow problem"). If nothing else, the company has a lousy, if any, way of communicating with its stock holders (It just doesn't tell them anything!). I sold at $4.11. Now the stock is around 3.50 and the company has been de-listed. I'm glad I got out!
Nokia (NOK) signs a deal to sell its headquarters in Finland to scrounge up more cash. The home for Nokia's top execs sold for $221.9M. A statement from the company acknowledges it needs to continue to sell non-core assets as opportunities arise. [View news story]
77yr old, U.S.Naval Academy graduate, retired as Captain, USNR; Bank president for eleven years; presently active in real estate law practice; married with 12 grandchildren; manage my own retirement portfolio
Nokia (NOK) signs a deal to sell its headquarters in Finland to scrounge up more cash. The home for Nokia's top execs sold for $221.9M. A statement from the company acknowledges it needs to continue to sell non-core assets as opportunities arise. [View news story]
The diversity of comments is most confusing to the small investor. One day we are told by analysts that NOKIA is sitting on a treasure-trove of patents, which insure a stable and significant source of income. The next day we hear that they are selling the headquarters building to raise cash. One day we hear that the Lumia 920 is a "sell-out"; then another source informs that the "sell-out" is a managed strategy accomplished by under-supplying product to retail outlets! WILL THE REAL NOKIA PLEASE STAND UP ! LBG
Sirius XM: A Look Back, A Look Ahead [View article]
It would be most helpful if an analysis of SIRI was provided by a researcher other than Satwaves. I am a relatively large holder of SIRI and am put off by the consistent overly-optimistic rantings of Satwaves - a long-time long-position holder, whose reports lack objectivity and smack of being self-serving.
15 Companies That Might Not Survive 2009 [View article]
Hope springs eternal, if one hearkens back to how terribly wrong Moody's has been in its "rankings", many of which helped precipate the shock of failure caused by businesses which Moody had ranked as superior. I think I'd just as soon get a ranking from a fortune cookie.
Nokia (NOK) will be removed from the Euro Stoxx 50 index on March 18 (translation), along with GDF Suez (GDFZY.PK). Replacing them are EADS (EADSY.PK) and Schneider Electric (SBGSY.PK). [View news story]
position. I believe that management should be more open with the stockholders about plans and projections.
The complete elimination of the dividend was a big shock. It would have been more favorably received if the use of the savings to the company was disclosed and/ or the dividend was not completely eliminated.
Nokia (NOK) will be removed from the Euro Stoxx 50 index on March 18 (translation), along with GDF Suez (GDFZY.PK). Replacing them are EADS (EADSY.PK) and Schneider Electric (SBGSY.PK). [View news story]
One of its alleged strong points was that, because of its huge trove of patents and the siemens connection, there was "unquestionably no cash flow problem".
Suddenly, the headquarters building was sold to raise capital, and then, the crowning blow, the dividend was completely eliminated in order to provide $750 M to the bottom line (not a very strong picture for a company with "no cash flow problem").
If nothing else, the company has a lousy, if any, way of communicating with its stock holders (It just doesn't tell them anything!). I sold at $4.11. Now the stock is around 3.50 and the company has been de-listed. I'm glad I got out!
Nokia (NOK) signs a deal to sell its headquarters in Finland to scrounge up more cash. The home for Nokia's top execs sold for $221.9M. A statement from the company acknowledges it needs to continue to sell non-core assets as opportunities arise. [View news story]
Bank president for eleven years; presently active in real estate law practice;
married with 12 grandchildren; manage my own retirement portfolio
Nokia (NOK) signs a deal to sell its headquarters in Finland to scrounge up more cash. The home for Nokia's top execs sold for $221.9M. A statement from the company acknowledges it needs to continue to sell non-core assets as opportunities arise. [View news story]
WILL THE REAL NOKIA PLEASE STAND UP !
LBG
Sirius XM: A Look Back, A Look Ahead [View article]
15 Companies That Might Not Survive 2009 [View article]
I think I'd just as soon get a ranking from a fortune cookie.