Ride or Slide: Nokia
May 30th, 2008 | By Charles Delvalle | Category: Stock Market InvestingA few years ago, I had a phone from Nokia (NOK) and I hated it. It was annoying. The games weren’t fun and the quality of the phone wasn’t the best. But Nokia has changed a lot since then.
Maybe that’s why reader Neville A. wanted my opinion on the company.
Nokia is a great international company. Their numbers are good and they have some attractive, feature-rich new phones in the pipeline. Their biggest growth driver will be the GPS technology they plan to include in every phone.
According to iSuppli, there will be 250 million GPS-enabled phones shipping by 2010, and the number of cell phone users checking out maps on their mobile phones should grow by over 1,000% by 2014.
NOK has dropped from $40 to $28 per share in the past six months. This is strange considering their earnings grew by over 25% in the most recent quarter.
The stock appears to have found a bottom around the $28 mark, and that’s why I say ride this sucker! (but exit if they fall too far under $28)
P.S. Want to see me cover a stock? Send an e-mail to feedback@investorsdailyedge.com
Source: Ride or Slide: Nokia
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Charles Delvalle is a self-taught market-timing professional and value analyst who uses a combination of technical indicators and fundamental research to achieve consistent gains on stocks, commodities and options.
Charles is also a staunch contrarian and takes pride in finding undervalued sectors and discovering great companies on the cheap. He questions government reports and the status quo. In addition to swing trading options, Charles is also Co-Editor of the monthly advisory service - INCOME.
