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Technology Stocks : Nokia Corp. (NOK)
NOK 7.135-2.6%Oct 30 3:59 PM EDT
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From: Rarebird12/2/2015 11:01:32 AM
2 Recommendations

Recommended By
Eric L
Runomo™

   of 9255
 
I am very bullish on Nokia (NOK) moving forward. My bullishness has been growing slowly ever since Nokia ditched its money losing cell phone business. Now Nokia can focus on increasing profits in regard to its three remaining businesses, each of which has excellent potential. Moreover, Nokia has become a cash cow and its balance sheet is solid. The company now even has a dividend which is slightly over 2%. I expect this dividend to increase in the coming years as Nokia becomes much more profitable.

Wall Street has very little interest in Nokia and the stock clearly lies in the doghouse. But Nokia is another one of my longs, which is a diamond in the rough.

I am long Nokia's stock in my personal account and other portfolios I manage and I see sunnier days ahead for the company and its stock price. Those looking for instant gratification would do well to look elsewhere. In accordance with my transcendental philosophy, which means everything to me, I prefer solitude when I initially establish long positions. I am averaged in at $7.35 and see at least a doubling of the stock price, with an increasing dividend in the years to come.

It takes patience, courage and insight to reap big profits in the stock market.
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