Nokia (NOK) Scores Deal on NSM But Stock Still Dog, Thinks Goldman.They are crooks
Nokia (NOK) Scores Deal on NSM But Stock Still Dog, Thinks Goldman
Trade NOK Now! Goldman Sachs today maintained a Sell rating on Nokia (NYSE: NOK). Comments follow news Nokia plans to buyout Siemens 50% stake in Nokia Siemens Networks (NSM). Analyst Simon F. Schafer views the move as a mild positive for the stock, but his overall view remains negative.
"Nokia's announced purchase price values the business at €3.4 bn, which is significantly below the €6 bn we assumed in our analysis. We therefore expect the transaction to be accretive to nokia bottom line and we therefore raise our earning for 2014 from .13euro to .20 euro.Do not you think is bs by GS is trying to screw up with nokia for the sake to help their inst accumujlate at cheaper