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Author:

Jam ok

Subject:

Earnings

Date:

10/26/17 at 12:37 PM CDT

 

 

READ: 3

RPLY: 1

0

0

RECS:0

Sentiment:

Neutral

Reply to:

MSG`#4504,`10/26/17
By Jester Debunker

 

Re: NOKIA's earnings

I'd be appreciative of any analysis of the future, given this stunning move downward. Never had a day's decline anywhere near resembling this on a stock, much less a portfolio. I'm pissed with myself for not paying better attention and selling into earnings - by the time that seemed like an obvious train barreling down the tracks, the market was closed. I did watch around 1am ET when the announcement came and saw that the miss wasn't pretty in the least but a blow-off of this magnitude? 

I can't see the silver lining, but I hope I'm myopic  - I'd think the only way Suri can get street cred it to product profitability. Can't see any reason to take him at his word - and in truth, he's saying it'll probably be about 2 years until 5g ramps - but then again, capex spending has been awfully elusive, and way behind predictions. I suppose one could make the argument that it's an INTC-like situation - a pretty dividend to collect until the company macro gets less ugly. It's only my guess, but I don't see why dividend-cutting wouldn't be on the table. 

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