Nokia Shares: Vending Machine Prices

Nokia Lumia 900

A bottle of soda is now more valuable than a single share of Nokia.

Just when you thought Nokia (NOK) couldn't get any lower, surprise new 52-week low. Nokia hit $1.69 a share today.



Nokia closed one penny higher than its 12 month low, finishing the day at $1.70. All kinds of drama is being blamed for today's 6% fall from downgrades to expected losses.  Nokia reports Q2 results in two days (July 19th) and everyone has low expectations.  The company is cutting prices on its phones and its simply attempting to survive.  The big question is how well did the Lumia do in the last 3 months? 


MASTERY Bottom Line (Ninja Style)


MASTERY Bottom line:


Nokia shares could go to zero but if there was ever a time to bounce back it would before they hit $1.  Thursday holds all the cards for Nokia investors, until then its going to be volatile.


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http://www.businessweek.com/news/2012-07-19/nokia-reports-lumia-sales-to...

Nokia jumped the most in a decade after sales of its flagship smartphone exceeded analysts’ estimates, signaling the former global handset leader is making progress with a plan to stem revenue and market-share declines.

Sales of the Lumia phone increased to 4 million units in the second quarter from more than 2 million in the previous period, Nokia said today. The Espoo, Finland-based company, which lost its 14-year run as the phone-industry leader this year, still projected continuing losses at its handset business.