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Re: NOKIA's
earnings
Yeah the news was shoking to say the least. I do see a ton
of potential, but given these news the horizon has moved out beyond
2018, probably as late as 2020. The problem is that
Management has lots a lot of credibility, so how can we believe
Suri when he says that he sees the 5G market starting to ramp up in
early 2019?
The increase in dividend to E0.19/$0.22 increases the yield for
those buying now to a very appealing 4.4%. Other than that,
the reality is lower for longer. That said, when 5G truly starts to
be deployed, the stock should reach $13, as I believe Nokia's
overall sales can reach $34B to $35 sometime in
2022.
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