Nokia - A Lesson to be Learned

Hey Guys,


Do any of you remember, when people were selling Nokia Corp. like crazy? This happened about 2 years ago. The stock was at 22 and within 4 months it was down to 12. You were hearing in the news that Nokia was losing market share in europe. There style of hand phones were outdated. SELL, SELL. This all was the cause for the manic selling.


Anyways, look at the Nokia Corp. finances. Two years ago they had no debt, there free cashflow was huge, about 2,000,000,000 at all times. Their revenues were growing every year by billions and still is. Remember, when people said they were losing market share? Well, They were actually gaining market share overall in the world. It was just in europe. Where they were losing a few percentage points of market share.


I am telling this story becuase there is a lesson to be learned here. Do Your Own Homework. The news, reports, and etc. were saying stay away from nokia. While at the time I was trying to convince my Aunt to Buy, Buy. She likes to invest a little. She didn't listened though, lol. The stock is up about 100% in two years.


Good Luck Investing.