...at this time. They have plenty of people with oil expertise, once you get the crooks out and take care of the numbers, etc. They still do have huge reserves and oil will be worth more before too long.
Well Sam-deanj, since you asked, I am in on AMD a tad below $2.50 about two months ago so with it still above $3 today, that is a two month return of over 20% vs a NOK return of minus whatever (10%?) for the past 14 months. Another weak day for Nokia. Just the facts.
bananas500, look at the NOK 5 year and max charts. NOK has NOT been a good long term investment by any objective means. I do everything from day trading to multi year holds but do not marry a stock or get personally insulted when someone points out the fact that one of my holdings has been a poor performer. A month ago I picked up some BP shares at $36 (with a 6 1/2 % div.) which I plan (can change) to hold for years. Do I realize that BP has issues and is way down with oil? Of course, but I do not think oil will stay low for too long and see BP above $50 in a year or two. And unlike NOK's chump change div. getting paid over 6% to wait is very good. That BP is also up since my buy (while NOK is down for over a year) is nice. Yes patience is good but not if the shares stay down for that long period. Some times you want to take advantage of short term opportunities. But some Nancy's on this board seem to consider it great to beat 1%, which is about what NOK collects for all the cash it just sits on. I don't favor a ALU buyout but admit that would have been better than what NOK's feckless management has done so far with the cash.
When I say only invested in the low $3's in early 2013 I mean since the 1990's., (i.e. having been out of it for over a decade) I have also put money in NOK options since its up move in the $7's (as recently as two weeks ago when it went below $7.50) but never bought above $8. I can be honest and admit NOK has been a poor performer and do not have to lie and pretend I have only made money on NOK like so many of the Nancy's on this board. I also invest (well speculate) in company's that have bad management and have done poorly (like NOK in 2013 and PBR last year and recently) if I think those factors are already discounted there are other factors to be sanguine about, (like NOK, AMD, PBR, HOV and others).
lafollehistoir- I know you are not the brightest guy, or a very good reader, BUT I only invested in NOK (except for some in the 1990's where I made some on shares and calls but then also lost on some puts) ) in early 2013 when it was in the low $3'sn and after the MSFT initial investment. It's not an opinion that but a FACT (do you grasp the difference?) NOK has been a terrible performer (BK if not for MSFT) for most of the past 15 years (and great in the decade before that) except for the brief window of the MSFT rescue, and I made a lot on that. I am now invested in NOK but looking to lighten exposure as I have lost faith in NOK due to management's poor results despite their being set up so well by MSFT.
As of yesterday the average stock is now positive this year, while NOK is down. Last year was a great year for stocks,, but NOK was down. Yes, facts are stubborn things and the enemy of chumps like you.
...charts and it sticks out how poorly NOK has done over all since 2000. And for the past year we all know (if one can be honest and read a chart) NOK has done very poorly. There are a number of small time chumps on this board who are happy with a small div. and glad to have not lost more money, and feel the need to defend their poor investment, and its weak performance. Even those who bought at $2 (not me but my big investments in NOK were in the low to middle $3's) should have sold over a year ago, (and perhaps buy back now). Hindsight is 20/20 and I wish I had sold more (I did take big profits but should not have poured more into NOK in the $7's with the expectation that it was perfectly set up to be as high as $15 by now). I can admit a mistake, and I still have lots of NOK leaps to 2016, but I am getting tired of how poorly NOK has done, and seemingly how little management cares about that..
goose, Good for you BUT you are talking about history and the past. Way more have lost on NOK as it has been a loser for well over a year now (and worse I think under good management NOK would and should be $10 now). I made a lot of money on NOK with the MSFT deal but investing in it this past year has been a bad move, (overall I am still up a lot on NOK) Just about all of my other stocks (15 or so) are up the past year. Many made and lost a ton on NOK in the 90"s and up to 2011 until it then almost went BK and had to be saved by MSFT. That's not bashing, that is true history. Why are you Nancy's so upset and take it personally when people post the facts about what an underperformer NOK has been. Do you really think that it has any affect whatsoever on NOK price? It does not. Is PBR a good stock? Well I made huge multiples on PBR options as it went from $11 to $20 in a few months last year, but some purchases since (cheap options when back down to $9, so not much risked) are under water. I also am up nicely on some PBR leaps I bought when it was recently down to $6. Over all I made a lot on PBR, (luckily), on a stock that has been over all terrible. Don't marry a stock or defend poor performance by living in the past or being Little Orphan Annie and singing "Tomorrow". Tomorrow has been put off by NOK for too long.
...downgrade? This has to be the fourth or more time. NOK management and the firms that support NOK have to step up and not let them always throw cold water on rallies.
...Ferragu get away with it. Buy back a lot of shares; any below $8.50 (I would not sell) up to $4B worth. They could stick it to Bernstein but Suri is a girly man.
Well yes, I am in favor of any share buy back at these low levels. I think they already should have bought back at least 500 million shares and if they had NOK would much higher now and not have been the easy target for taking it down into (good!) earnings, etc.. As for a split, while it is not as absolutely needed now as it was when NOK was sub $4, (after first MSFT deal- getting the cash infusion, and ergo not doing it out of just weakness or as a gimmick but to allow more institutions to buy NOK and allow margin- not the devise buyout) a 1 for 2 or 3 now would be somewhat helpful (mostly a wash, but certainly would not hurt). If they had done it when sub $4, or bought back more shares this past year, I think NOK would be much higher now in real terms, adjusted for splits/buybacks. We did lose a year by just sitting on all that cash in a low interest rate environment.
Michael- I have a MS in Economics and the very premise of my post dealt with "supply and demand", i.e. that the King cuts supply to drive oil up to a price ($60 to $75?) when he can make a lot more money, and yet have it still tough for others.
...range, which is really a good long term range. The king can make more money on the higher price even pumping less, and as oil is still a finite and needed resource, and will be for a long time, it is smart for them to not sell it too cheaply or pump too much. He will have already done a lot of damage to Iran and Russia, (and shown them his power) and hurt fracking and tar sands, deep water, etc who really need $100 oil to thrive. At $65 oil PBR looks pretty good. $10 to $15 if that happened?
and you sound paranoid littlechicken. I guess in your small mind everyone has multiple ID's like you. You really do need to get a life.
chickenshitlittle is so disingenuous and such a liar and mean spirited chump. So what if BABA (which I don't own) is down from $104 to $95 or whatever in the very short term Not everyone is as smart as you and can pick the exact bottom, and make money on every purchase, even on a stock like NOK that has been consistently down for over a year. We all believe you.
chickensheet, so why did you not post back then?. In just the few months you have been here you have posted a ton under chicken and even more with YOUR fake ID's. You did not post at all when NOK was $3 or $4, (I did) yet you started posting massively when NOK was $7 and over $8?? Yeah little chicken we all believe you. We really do. Are you so stupid that you think this board can have any affect on NOK price? Because you seem to just hate anyone who posts the truth ( I guess the would include Klimski) about how poorly NOK has done for so long. I realize this board is everything to you, but really are you seriously happy that some poster may have lost on BABA and need to rub it in like a 7th grade mean girl? Get a life!
That's your paranoia talking little chicken, but someone has (you?) claimed wrongly that I have about 10 different ID's based on using similar words, or posting similar things about how poorly NOK has done, or ID's created in the same year. What kind of loser would do such research and yet get it wrong? Thanks for repeating the headline, chump.
any life whatsoever outside this board?. All day on this board with his paranoia, and pettiness. Count those thumbs littlechicken, (and all your aliases) you paranoid fool. NOK stock, and having to lie about how long you have owned it (only on YHOO message boards for a couple of months yet claims to have owned for 3 years) and bought at exact low, and never lost on, it shows an insecure, dishonest chump you are. Well yet another buying opportunity for the apologists. Lets get that share price below $3 and share count above $5B. NOK down in good market, and down in bad market. Management should resign!