Nokia: Balance Sheet Trends Are Favorable

Jun. 03, 2021 7:13 AM ETNokia Oyj (NOK) StockNOK11 Comments
Individual Trader
17.84K Followers

Summary

  • Strong cash flow generation of late has been strengthening the financials.
  • Network infrastructure and 5G-related business continue to grow strongly.
  • We see little downside in NOK at $5+ per share.
Nokia
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We wrote about Nokia (NYSE:NOK) back in February when we went through some lessons with respect to how we have traded Nokia in recent times. As discussed in previous commentary, we like using Nokia for both trading and investing purposes because it

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This article was written by

17.84K Followers
Individual investor with a keen interest in deriving income from investment setups. We do this by buying undervalued profitable stocks with strong balance sheets & minimal debt. Furthermore, when the opportunity arises, we like to write calls against our positions to bring in additional income. Risk management is controlled through position sizing & the use of trailing stop losses over time.

Analyst’s Disclosure:I am/we are long NOK. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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