8:38 am, just touched 7.00E, = 7.91US + $.16 dividend = $8.07 valuation now an hour before market open. It did come back. Hope it stays. If the substance of the report is as good as first blush, it will, plus more, it seems.
I will read later what they said, but didn't ERIC say that North America slowed down? Didn't a poster here reference the possibility that ERIC lost share to Nokia in North America? ERIC slowed down in North American and Nokia doubled its profits there? Look forward to understanding the new share positions if that's the case. Isn't North America the largest global market, and isn't Networks 90 or so % of Nokia's business?
Right now, back up to 6.985 in Helsinki, US approaching flat versus yesterday's close, all with a new .14 EURO dividend in hand. We're at a higher valuation for the stock -- right now, than yesterday, and climbing. It's not 8am yet here on the East Coast.
Looking forward later this morning to listening to the call and reading the report. It seems to be pretty rich.
NOK Helsinki dropped to 6.73 at the low, right after open. Now back up to 6.94, with the Euro at 1.13, that's 7.84 US Equivalent -- about 5 hours after earnings, without US opened yet. It may show some volatility but I'm sticking to my call, exactly as stated much earlier this morning.
Kicking myself for two reasons:
1. Don't live in Helsinki and can't buy right now, and
2. I asked the question last night -- couldn't it have been anticipated -- that there would be a dip at least equivalent to the pps associated with the newly declared dividend? This should come right off of the top of the stock price.
In addition to this, the euro is down this morning because the dollar is surging as the flight to fixed income jumped astronomically yesterday after the fed meeting. And all of Europe is down.
So I say baseline is yesterday's close, minus the new dividend, minus the euro decline, minus the market downdraft this morning -- this is our starting point, and I believe we'll see recovery in NOK in short order.
and Europe down generally this morning.
Call is that this dip is quickly bought up -- or much of it -- as early as today when the global market opens, barring any serious broader market or Euro decline.
I see the post -- down 3.6%. Dividend and Euro dropped significantly at end of session yesterday. Patience....
Doesn't this come right off the pps when announced, and then the stock adjusts based upon its perceived value coming off the earnings report? if this holds, we'll see a down open in Helsinki, and then a rise? It's 3:14am on the East Coast here, don't have real time Helsinki, waiting for opening. Will be surprised if up out of the gate with the dividend declared. Isn't baseline from yesterday -- yestererday's pps minus the pps impact of the dividend?
On website at 3am US EST?
Would any of this fall-off have to do with the level of the anticipated dividend (probably announced with earnings?), or would that happen closer to Ex-div date?
That looked like a pretty vicious take-down to me, whether driven by legitimate selling or something else.
Market didn't change much (up or down) and either did Euro between just now, and when the ADR's were 10 cents higher a half hour ago.
Maybe some day we'll lose all of you (all of you). In the meantime, I was preparing this new French dish -- it's called Kusipaa. You really have to try it. It's you.
Nokia and Huawei
as reported by Bloomberg a few minutes ago
I don't know what the price will be. But I stick to what I said. My call is that the watch will not provide the functionality that will make it a style icon like the I-phone, Add in Asian commoditization, maturing category, and wild expectations for Apple. No bashing here, profited greatly from Apple's ascent and I'm grateful. Good luck to you.
By that time, the watch will have been confirmed to have brought Apple's technology and style leadership reign to an end. Jobs is gone. Cook is a precise technician. The spark is dead. You'll see.