i told you guys 8 months ago this plant would be left on the scrap heap. Don't act surprised. It will be hanging like an albatross around Nokia's neck for another year, which they will use as an excuse to put millions if not a billion out of the stockholders reach and into the bondholders purview.
Buy the bonds, short the stock. That's what the pro's do. LOL
what you say is true. of course the problem, as you are seeing, is that self destructive morons care less if destruction spreads beyond themselves.
So, you see, as inconsequential as they seem, they still have been able to destroy several billion dollars worth of EBITDA, all with the blessings of management, who could care less about YOUR stock price.
because after all, ELOP got paid before most of you figured out what was happening.
I need to get back into this game. I am not a good basher. My heart isn't in it. Unlike Earth, i am not rarely wrong, but I hate overpaying for stocks. So come on guys, get on board. I got my starting order in for $6.95. You know you will never see $12.00 without me. LOL
The only question now is if microsoft will continue to order parts from Nokia's dysfunctional factory?
Would you want your phone being built by a bunch of disgruntled employees?
Nope, Nokia gets none of the benefits and keeps all of the liabilities. Only a matter of time before batteries start exploding all over the world. (which, according to market share means less than 2%)
But, but... my farts don't stink! Do they? Oh dear, all this time people have been sayin i am FOS and i thought that was a good thing.
Well guess I'll get back over to the curb and watch this accident from the sidelines.
really makes you appreciate the old saying - "The bigger they are, the harder they fall".
I put that in quotes so guy.stockman doesn't accuse me of plagiarizing it.
But seriously, you'd be hard pressed to find a bigger whoopin then this stock took. EPIC!
I guess it will be years until somebody comes out with the book outlining which mutual funds agreed to take the ride down to 2 bucks. And LOEB! well that's just kids stuff, but a solid job nonetheless.
Anyway the final chapter isn't written is it? But this ain't no star wars story. Too much blood.
i would love to be a fly on the wall for that conversation! Think the NSA will release the audio tape so i could post it for all to enjoy? Here's how i imagine the conversation will go:
Redthumb: (after 6 voice prompts and innumerable redirected phone options...
Phone rings in some empty office somewhere outside Hackensack N.J.
Janitor (picks up phone): YO!
Redthumb: Hello I would like to report some irregular activity in NOK by this poster on Yahoo!
Redthumb: Yeah, I got all his message archived, i even downloaded them to a spreadsheet...
Janitor: Cracker! I ain't got no time for disshit. You got no dambusiness investin in that stock nohow.
... conversation goes downhill from there. But be careful, I got the IP cameras running just in case the SWAT team shows up. LOL
Earth, I told you, it's jealousy and covetousness. It's widespread in this country. We have trained a whole generation to hate the rich. Now, i admit to flights of fancy as much as the next guy by imagining gold bars in my closet. - (whoops, did i say that?) They are not in my closet! - They are SAFE! But I guess my sense of pride keeps from wanting things from other people that i didn't earn.
In short Earth, they don't hate you as much as they despise themselves for being pissants.
Now, Barrick has got to be one of the biggest train wrecks of all time. But if you were dumb enough to invest in that, you are still ahead of the game compared to our little Finnish company that is about to close its doors forever.
Now, Nokia is out of the cell phone business. Imagine in 10 years when cell phones are supplanted by some other game changer? -- NOK -- They are really ahead of the curve.
Man, I'm gonna wish you luck with that one. Just remember everybody and their brother, including insiders would jump at the chance to offload this junk at $1.50. I really hope you get your money back, to lose it to these guys just hurts.
remember how Rich is defined by the Democrats. - Anyone with more money than you.
too bad 200 korean workers. Those guys work hard.
Microsoft will also ink a new adjustment for a 1 year services contract so that Nokia will continue to make phones for Microsoft.
Now, I have to ask myself how much of a hit they are taking while they dump excess inventory.
Man, Microsoft REALLY has Nokia over a barrel.
These are not my numbers. I just like being the bearer of bad news.
Dump begins Monday after last ditch pump. by the 29th it's all over.