Do a google search on it. For once since september when I went long. An analyst has mentioned nokia the entire package. Not just nokia and its lumias phones. Watch the video its great
I would be slightly worried if I were you momo. Didn't you start a new short a day or two ago? Or did you cover that already too?
Nokia is here to stay baby. This news is solid and cannot be ignored. Unlike all the contracts NsN is making which the media sweeps under the rug. Wow one phone one carrier? They are gonna blow q4 numbers outta the water. Plus who know how many new models they will sell at the cheaper price point. #$%$ yeah. Hopefully this stock runs until earnings.
I first want to put out there that I have no positions on this stock. I worked at best buy for about one year. During that time I saw many things. I saw employees hired with little to no training get thrown on to the sale floor. I saw hideous markups on cables and accessories, and outright lies from sales personnel to customers in order to profit and pad the workers numbers. However they are bringing drastic measures to improve their business structure. They introduced store wide bonuses for employees as an incentive to better sales. Employees do not make pure commission but are tracked by notional margin per hour. Each employees number is measured in profit per hour and tracked by management. If your numbers are low they further you training. They also are heavy on learning about products by elearnings which are on a employee site. This helps staff become more knowledgeable on products.
Best buy stores are definitely bleeding though. They have big spaces and most departments in my store do not make budget for the month. The stores need to be downsized badly. There is no margin on alot of the big ticket items which requires employees to add accessories or protection plans. Which can be difficult on the younger more savvy techies. However most people over 40 are very much interested in hearing what best buy offers as far a help and services. However the number of ppl open to these plans will diminish as people become more tech savvy. Best buy is trying to price match amazon which i doubt will help all that much because the people who know about amazon will not walk into best buy in the first place.
All hope at best buy is not lost. Best buy mobile which has standalone stores as well as sections in best buy is extremely profitable. Margins on on the phones and data plans is insane. Bestbuy also sell zagg shield installtions which are all profit. employees in mobile are very clean cut looking and smart. Bestbuy makes money on almost all aspects related to mobile. Even activation checks. The protection plans in my old bestbuy sell on over 50% of the phones that go out. Thats because the plan relative to the cost of the phones is cheap. Phones are about 600 dollars for a high end model. A 2 year 160 dollar plan gets you a new one if you break it at all except for full water submersion or extreme conditions like throwing it out of your car window. These in comparison to the computer protection plans which are not a great value are a no brainer. A full two year computer plan on A 600 dollar computer plan is around 300 if i remember correctly. ( which for what it concludes is good but not appealling to customers).
Best buy mobile offers all carriers which people love! The discounts are also automatic in store. Which means no annoying mail in rebate. Which customers think is great. All in all bestbuy mobile is this companies savior. If they close unproductive stores and can downsize existing departments to help their sales. Best buy will be able to stick around in the long run. Sorry for the wall of text and the wacky order of ideas. But this was a spur of the moment thing.
Longs there is hope! If restructered correctly by a good ceo this company will turn out great. However shorts will be able to capitalize on the stock depending on who is hired and how the plan goes.
Is nokia or any other tech company known for releasing sales number for each month? Will there be any chance of elop announcing better than average numbers before q1 earnings? Or was last quarters earnings pre release a one time thing? Im just wondering if any other driver of price besides mwc has the possibility of arising. I feel one confident statement from elop on sales could push this higher.
If blackberry does well and does not outshine nokia. It will bode well for us. Nice fat check from blackberry to nokia.
I think a great feature would be having a remote desktop app for the tablet. Multiple windows 8 pcs being used on the tablet. Imagine using a high powered program on your pc but remotely controlling it with your tablet. Then minimizing that window and helping an employee fix a setting on their pc at work. Remote desktop is an app on android and IOS but its a little slow and buggy. A seamless remote desktop app could entice IT guys to purchase the tablet.
its looking like it will end on the HOD. Hopefully this rally can continue till barcelona. The media does not seem to bashing nokia as hard as it was just a few weeks ago.
I could see this being valid. Women love trendy colors on phones. My gf constantly gets colorful cases for her phone. I think it would be cool if nokia threw in a few cool looking multicolored plates for the phones. So the front would stay the same color but you could mix and watch. I think a yellow or cyan lumia with a whit back plate would look sick! Possibly a rainbow or tye dye back plate would be nice for women as well. you would be surprised how little tweaks and style points can completely change how a product is viewed.
"it is interesting, jsh, because of nokia -- i have an iphone, i have used the phone extensively, i was given a demo of the nokia and i say it is the best of the phones". Thats the quote word for word. He meant it is the best of the windows phones. If he thought it was the best period he would buy one. Im long nokia for sure. I just dont like it when people tweak things to serve their purpose. If we keep it honest on the board it will benefit us all in the long run imo.
hate mindless pumpers like you. They did not say that. They said it was a great phone once you got used to the live tiles even if they do not own one. They have Iphones and still respected the lumia which is a good sign. But they never said it was better.
He said it has the potential for the most upside as a speculative play because it has been beaten down so low. He picked nok over blackberry hpq and I forget what other stock.
I though Josh made some excellent points. He was very objective about it. His reason for picking nokia as a speculative play because it has the most potential for upside was spot on. He also stated he would place a stop at 3 because if it falls below that then it spells trouble.
Momo you are an idiot. You expect this board to believe that you have traded in and out of nokia at the exact highs for a month? If its down all you do is go bwaaaaaaaa. If its up you make perfect moves on the stock. why are you even on this board mr rich guy?
When the price shoots up sometime this year. I'll be here for you with a nice warm blanket when you lose your shirt shorting nokia.