So to me the only way that really affects NOK share price is through the value of the Euro. Why would Europe risk a major outbreak when they could just bail them out? To me, I don't see them defaulting but I have been wrong before. Although I heard something about a new rating system on all European debt. Not sure exactly what that means but I am sure that Nokia has debt.
There is no way ALU investors will strong arm anything. They don't have a vote, no?
Heading to Vegas and need some fun-money. Hence I will be selling a few shares tomorrow. Just wish I didn't have to sell so low.
Greece makes up what, 2% of the Eurozone economy? This should not be affecting Nokia stock. So it leads me to believe that the Euro is oversold, and will bounce back in a matter of time. Now, why NOK is down over 4% is unreal. I'm sure it has something to do with the activist hedge fund B.S. but if I remember correctly, NOK was Down when news about the ALU buyout/merger came, not Up. So if the deal was to not happen, wouldn't stock price recover to high 7's and 8's?
On top of that the activist guy doesn't own the shares, he owns what equates to options that amount to 1-2% of outstanding ALU shares. Doesn't make sense. My bet is that there will be a deal made with Greece, but again neither of these "stories" should be affecting NOK like they apparently are. Wish I wasn't going to Vegas cause I need to sell some. S%^$! F$%^!
And will automatically be re-investing the payment to buy more NOK shares without paying a trading fee. Will also be deducting about 36% of the payment from my taxable income. Neat.
I agree, it was a silly purchase. But thats no reason to go selling it for 50% off. I think they should keep it, forget paying down the debt until they can pay for it with money generated from networks. You never know what HERE could turn into and getting rid of it seem dumb just for a puny 4billion infusion of funds. It seems that NOK is having a tough time realizing when to sell its businesses in more recent decades. I'll be unhappy with anything less than what they paid for it.