written by reader Nokia / Microsoft Renewed alliance – thoughts?

By milgauss, November 6, 2019

https://marketrealist.com/2019/11/will-microsoft-nokia-alliance-work-out-this-time/?utm_source=yahoo&utm_medium=feed&yptr=yahoo

“Yesterday, Nokia announced a partnership with Microsoft (MSFT) to offer digital transformation to enterprises and telecom providers.”

Thoughts? Buy back in while it’s low? Stick with Msft and leave NOK for the sharks?

This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.

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bunion132
10 months ago

Boy did NOK hit rock bottom, literally. It plunged to $3.50 on October 29th. The last time NOK was at this level was in 2012! The general consensus on this site seems to be that the problem is with management, not business fundamentals.

Has anyone else noticed that the announcement of a renewed partnership with MSFT seems to be moving the needle a bit? NOK’s price is starting to climb, albeit a teeny-weeny notch at a time. Hmm…kinda reminds me of some 20 (?) years ago when MSFT extended a lifeline to AAPL. Look what happened.

There are analysts out there that see opportunity in the current fire sale price being propped up by the alliance. I’m mulling over joining them with a corresponding tiny position.

👍 272

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