Saturday, November 08, 2003
NOK
http://finance.yahoo.com/q?s=NOK
Been thinking about the upcoming christmas season. Nokia looks very well positioned for the christmas sales. A lot of new phones, with pictures and host of other features. The screen sizes are actually big enough that you can see pictures in them and the keyboards are pretty slickly integrated. Check out the nokia 3300, comes with an mp3 player included in it.
To be honest i really don't think it's a growth play. However, i think they have legs for one more bull market run. Their stock is depressed, with a forward p/e of just 19. They have healthy cash balance (12B), good seasonality support and excellent confluence of technology, product and demand. I think they have legs to run up to 25 during the x-mas season
On a related topic, another interesting thing to think about is this christmas season and how to play it.
May be that topic for another blog.
Been thinking about the upcoming christmas season. Nokia looks very well positioned for the christmas sales. A lot of new phones, with pictures and host of other features. The screen sizes are actually big enough that you can see pictures in them and the keyboards are pretty slickly integrated. Check out the nokia 3300, comes with an mp3 player included in it.
To be honest i really don't think it's a growth play. However, i think they have legs for one more bull market run. Their stock is depressed, with a forward p/e of just 19. They have healthy cash balance (12B), good seasonality support and excellent confluence of technology, product and demand. I think they have legs to run up to 25 during the x-mas season
On a related topic, another interesting thing to think about is this christmas season and how to play it.
May be that topic for another blog.
