lt cap,
I can understand your 'nibbling' at NOK at these prices. With
the top execs buying significant shares, it may be a good time to
follow their lead. And since it is now sporting a 4% dividend, it
might be considered as a 'dividend aristocrat'. Can't recall
whether they also planned a share buyback.
On the other hand, the INFN execs bought heavily when it
was....about $11-$13, IIRC (which I may not remember correctly as
to the price.) They clearly had little idea of how their business
would do, as the last few CC's have had nothing to build
confidence. And with the spending drought that's expected to last
at the very least a year, there would appear to be no driver of
price - except if the street began to believe that NOK is really
undervalued. I recall an analyst note that referred to the
cost-saving synergies of incorporating ALU getting lost in the
'glare' of the poor capex picture.
And, I'm puzzled by this: the uncertainty of Trump lurching from
one opinion to another without regard for knowing what he's doing
would unsettle the market. Instead, so far, the market has done
little but gone up since his win. Perhaps his buddies that he's
handing out cabinet posts to will be given the freedom to run
various shows, including fiscal policies, regardless of whether
they have Nazi credentials or not. And the cross-isle idea of
spending a ton of money on infrastructure means govt. spending,
jobs, and some inflation, and the market likes the idea.
But it seems to me that at some point, he's bound to make some
big mistake, whether it be economic blunders, or some foreign
policy crisis, that will affect the market quite negatively.
And, this is the longest expansion in....history? Even with the
distortions of the Fed outrunning it's mandate, are we not past
due? I'm concerned about this, although I never thought the Fed
would print money and buy assets as they did without a dose of
roaring inflation resulting. Paul Krugman continues to crow about
how right he was about everything economically. A good recession
would stop his self-congratulatory bleeting. Not that great a swap
for an economic downturn. I've not read the 'macro' comments from
analysts and other weighing in. I'm just puzzled as to why the
market likes Trump so far, and whether and when he will do some
market unfriendly mistakes.
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