I've bought low and sold high in this stock once before...trying to repeat history...
Nokia (NOK)
Positives:
Well-funded ~6% dividend yield.
Low 11 forward P/E.
Plus $10 billion(!) cash-minus-debt on balance sheet.
Essentially a (well-compensated) hardware supplier of Microsoft.
Negatives:
Thin margins and returns on assets/equity.
Slow/shrinking growth.
Best hopes of finishing third in a crowded smartphone field.
Here's my current portfolio. As always, I believe in all of these stocks - until I sell them.
Apple (AAPL) 12.29%
Southern Copper (SCCO) 9.69%
Google (GOOG) 6.63%
Dominion Resources Black Warrior Trust (DOM) 6.45%
Baidu (BIDU) 4.35%
Apache (APA) 4.26%
Ace Limited (ACE) 4.19%
The Distressed (C, ERTS, ESI, F, JSDA, LZB, MMI, MSI, NPD, PCS, RVR, SKX, STEC, WFC) 4.10%
BP Prudhoe Bay Royalty Trust (BPT) 3.73%
Hugoton Royalty Trust (HGT) 3.55%
Annaly Capital Management (NLY) 3.51%
Blackstone (BX) 3.28%
Prospect Capital (PSEC) 3.08%
American Software (AMSWA) 3.07%
Frontline (FRO) 3.01%
Cherokee (CHKE) 2.91%
Vodafone (VOD) 2.71%
DuPont (DD) 2.63%
Great Northern Iron (GNI) 2.63%
Intel (INTC) 2.44%
BreitBurn (BBEP) 2.35%
McDonald's (MCD) 2.25%
F5 Networks (FFIV) 2.13%
Nokia (NOK) 1.88%
Intuitive Surgical (ISRG) 1.55%
Cree (CREE) 1.03%
