Should You Buy Nokia?
By Shareholders Unite:Just like Research in Motion (RIMM), Nokia (NOK) has gotten quite a beating from the emergence of Apple (AAPL) and Android in the smartphone market and this has hit the stock price hard. Is there any chance of a revival? We first look at some data:
- Market cap is $9.69B with 3.71B shares outstanding
- Revenue is $44.28B (12 months to date) that's more than four times the market cap
- Diluted earnings per share for the last four quarters (starting Q2 2011) was 10 cents, 2 cents 29 cents and 25 cents, all losses
- Diluted normalized eps was somewhat better, at 3 cents, 1 cent, 8 cents and 10 cent losses
- Cash and short-term investments is $10.065B at March 31 2012, with the short-term investment part at $8.24B
- There was $4.921B in debt at the end of March
Cash bleedThe implosion at Nokia can even put the company in seriousComplete Story »
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