Nokia under $2 a Share
Nokia (NOK) shares are under two dollars and got as low as $1.78 today. Nokia's share price decline continues and its now back to levels not seen since 1994
Today's Nokia Hater-Aid comes courtesy of RBC. The firm says Nokia's Q2 and Q3 results will be terrible and thus we hit a new 52-week low. RBC cites the Lumia Windows Phones can't be upgraded to Windows Phone 8. That's a big for Nokia despite the popularity of the Lumia. In 2012 Nokia shares have lost 63% of their value, its brutal.
There's plenty of believers in Nokia's long term turnaround possibilities. However when will Wall Street buy into the idea?
MASTERY Bottom line:
Nokia at $1.75 a share is worth the risk of throwing a few bucks at.
Should the company report any positive news, this stock is bouncing.
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