Strong Buy on Nokia (NOK) Stock - June Update 2012

So far Nokia has taken a plunge from where I have recommended this stock.

You can check out my previous video here:
http://www.youtube.com/watch?v=s_uWXs...
Here are some sources on the recent news:
http://online.wsj.com/article/SB10001...
http://www.reuters.com/article/2012/0...
http://blogs.barrons.com/techtraderda...
http://www.reuters.com/article/2012/0...
http://www.nokia.com/global/about-nok...


Investary Rating: Strong Buy
Price Target: $5 for End of 2012 (100% gain from current level of $2.50)
Where does the $5 Price Target come from?
Cash $1.70 (INCLUDING debt)
Patents $2.00 (over 30,000)
Siemens Network $0.30
Digital Maps Software & Hardware $1.00
Disclosure: Investary is long NOK. Also please do your own research as well before making an investment decision. Investary is not liable for any trading losses that may have been made.

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• Category

  News & Politics

[tennessee888]

In the absolute worst case scenario, don't forget Nokia is still a billion dollar company, its still an important component to the Finnish economy. So I think the chances of it going bust are very slim (also its in too many people's best interest that this company doesn't collapse). IMHO, the worst case scenario would be a vulture takeover for 3 euros a share

[tennessee888]

It seems that the bottom so far for this stock is around 1.30 euros. I think its very oversold. Obviously there's a reason for this, but I think a lot of the negatives have already been factored into the share price. Its now around 2 euros which is still very cheap and there is enormous upside if the company makes can begin to create a game changing product to regain some of its eroded market share.

[PowerWisdom1996]

Good to see someone owning up to a bad call. Most people I know would've quietly deleted the video of their original call.

[BulliesandHoodlums]

My entry point for Nok is 1 dollar. They will reach that before Aug 10 2012. Mark my words!!!