As NOK stock continues its slide, the vultures are gleefully circling. I don’t have to link you in to pundits predicting the company’s demise– you probably had to step over some doomsaying articles just to get here.
Nokia was always good to me, even before I worked there. I made decent money off of it after the 2000 tech bust and in fact had I hung on a bit longer could have really made out. Nokia used to follow fairly predictable patterns so you knew you could safely buy under $14 USD and you should probably sell at over $30 (not counting bizarre stock bubbles).
So today I glance at my IRA and see NOK sitting pretty at an attractive entry point of $3.75. Of course that’s not my entry point– even some aggressive dollar cost-averaging has me at around $7.50. That’s not counting the high-priced bundle that came out of my 401K when Nokia decided it could somehow carry on with a less-than-marginal global logistics team (I disagree, but I’ve already hashed that over. And over).
I want to make money on that heap of discounted shares, but even more, I want to keep Nokia out of the hands of the serious vultures.
Even at its present high cash burn rate, Nokia squats on assets that must have its competitors sitting up to take notice. Imagine Samsung swooping in. Or how about Apple? Their global market share is still relatively tiny– nabbing Nokia’s logistics bits, at the very least, should help its penetration plans.
Heck, I could go on and on, even without touching on the obvious (i.e., rumored Microsoft panic button purchase threshold). Better yet, I’ll cut to the plan.
Let’s all buy Nokia.
Look folks, it’s cheap. And Graham Neray over at The Next Web has me thinking we’ve all been way too hard on the shrinking Finnish giant. He’s loading up. Why should we be left out?
So let’s take advantage of this once-in-a-digital-lifetime opportunity. Join Graham and I in taking ownership of Nokia. Keep the vultures out of it. And once you have those shares, make your voice heard at every opportunity. Don’t let me be the only one.