Thus, the pure size of this company makes it a risk, and the fact that it trades at 21.5 times sales. When a company is valued at less than $20 billion, massive premiums can be sustained, as there is always new money on the table. But for a $130 billion company, we are reaching a point where fundamentals and valuation must at some point align. Hence, I'd be careful ahead of earnings on October 30, because there is likely more downside than upside. Nonetheless, I wouldn't expect another double in the next three months.
This pig is way overvalued and ran up huge ahead of it's earnings. The fact is this company is valued at less than $20Billion and is now over $130Billion tells me there will be a huge pullback after earnings. I say down to $26 by January 2014.
Motley Fools & Seeking Alpha were the two main ones bashing Nokia's stock since the $2.50 range every single day a new article bashing it nonstop. I noticed Seeking Alpha usually toss one pro article each week so they can show that they never wrong. Guess where Nokia is now? A 3-4 bagger. This is something you must learn in the investment world. No financial company is gonna waste resources to give you free advice.