Nokia Corp (ADR) (NOK)

JMJeffrey (< 20) Submitted: 9/18/08 10:19 PM : Start Price: $21.22 NOK Score: -1.86

Long have I been watching this one and waiting until it fell into this price range and I had a few bucks to invest in it. In NOK you have the largest and best in class provider of mobile phones. Their presence is not as felt in the US as overseas (where I live) but they are everywhere. They may not have something as innovative as a iphone but they have more than enough market share to make up for it. I like their low end models as they tend to have better quality than all the other competitors so they build product loyalty from the beginning. In NOK I am buying what I know (me and my family own three). I don't know the financial story yet, but their commitment to quality combined with their huge oversea market share, attractive yield (4+%) and discounted share price (52 week low) makes me believe that NOK is going to be sitting in my portfolio for a long, long time. Mobile phones are still (and will be for a long time) a huge macro-trend. Might as well own the biggest and the best...Outperform!

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