based on q1's reported cash flow loss of 332M Euros...when will the bleeding stop?
for 10 years they have burned cash...looks like this year is no different. What turnaround?
sure, 'adjusted' always shows improvement, same as last 10 years...unadjusted they came in with a 72m loss same as last year.
free cash flow not so easy to fake
at 332M Euro per quarter that amounts to over 1.3B Euro or 1.5B USD in Free cash flow burn per year, this number is not sustainable for ALU, it is not sustainable for NOK/ALU either.
I don't have Nokia's numbers but I don't recall it behing that high?
I don't care about the net loss, that Nokia can absorb no problem...but the free cash flow loss of over 330M per quarter, I don't think Nokia's free cash flow is that high even...is it?
wow everyone was saying an ALU turnaround...these numbers suck, what happened to SHIFT plan etc? why they still burning so much cash?
Nokia should have waited for ALU to go into BK, as would have happened, even the French finance minister said this.
Nokia could've got all the assets it wanted for pennies without any of the dangerous obligations. Instead, Nokia did something so foolish it may well have destroyed the company. There is a reason why ALU has NEVER once in its 9 years made a single penny of profit. Maybe you guys should try and find out what that reason is before calling me names.
we just lost a third of our company for cash burning assets that has never once made a profit in 9 years. And with N.America slowing, it will go back to burning cash...only this time it is Nokia's cash that ALU burns. Yes we have dilution, 3.5B shares to over 6B shares, hell yes there is dilution...for a pos company that only knows how to burn cash and would've been BK as the French Minister admitted if left alone.
ALU is still cash burning, with its massive exposure to N. America, any slowdown there is going to kill any of the predicted profits for this year, guess who gets to pay for the continued cash burning in that case? Nokia shareholders.
Ericsson's reported slow down is what is relevant and should scare the hell out of you...with the new Nokia now massively exposed to the N. American market and vulnerable for the next 3-5 years
it's not about risk, its about Suri burdening shareholders with massive dilution and integration costs..turning Nokia into an unholy mess most of whose businesses Suri hasnt the slightest experience with. It's buying out huge N.American exposure when as Eric has just shown N.America is slowing down to a crawl. Nokia made money by specializing in broadband infrastructure...now it's taking on a complete new strategy of being a one stop shop that has never been profitable for anyone, not ALU, not ERIC, both of which were moving to specialize in high margin sectors....
Suri is desperately trying to sell HERE for pennies on the dollar when HERE was not set up for a sale. They are losing focus, they are losing control. Worse of all they are doing their empire building experiment at shareholders expense when they promised us at each and every quarter conference that their main priority was preserving shareholder value. Suri & Risto & Nokia board betrayed Nokia shareholders.
all the reports says money losing business...we know it isn't, we know nokia's been reinvesting all the profits...so why in the world is Nokia so rushed and doing such an incompetent job selling HERE? why for god sakes couldn't nokia let here run for a few quarters with profits (not reinvested) to demonstrated how profitable Here really is....why the stupid rush to buy ALU why the stupid rush to sell HERE...
Are they this incompetent or just plain stupid?
Not that surprising, management has just screwed shareholders over. Diluted the hell out of us for a pos company that will cost untold billions and take years to digest, if ever; and selling out Here Maps for pennies on the dollar.
This isn't the company we bought into. They took back the promised buyback on top of everything else. I'm just hoping the Samsung deal pop us up enough I can get out with a profit.
IMHO, Management betrayed shareholders.
Why would they sell HERE so cheap? Getting sick and tired of Suri buying junk with gold and selling gold for junk.!
US and China both seem to be slowing down. Since the Fed talked about raising rates, economic activity has dropped off a cliff.