Jamok,
Disclosure before I go on: I bought 500 shares
today, I plan to continue to accumulate and plan to continue to do
dividend re-investment for at least the next couple of years.
I repeat that I am in this for the very long term,
admittedly, it will be a much longer term than I had envisioned, I
originally thought it would be 4 years’ total, it now looks
like a it will be 4 years from today. I remain convinced this will
pan out and deliver a $11 to $14 stock price over that time frame,
and higher if I can muster the necessary patience. At this
point in time, I am actually hoping the stock remains at these low
levels for another 6 months so that I can add a decent number of
shares to lower my cost average.
The company has a solid balance sheet. Yes, the main
business, i.e. the wireless networks division, has declined far
more than was expected, but it Nokia poised to become number one in
the time frame I am willing to wait. I believe that next year
will indeed be the low point from a revenue point of view, but
should also see the beginning of growth from a profit point of
view, this, because of the cost cutting. Am I right? Who
knows, I have missed the boat, but what the heck, I am likely to
right at some point, LOL. Even a broken clock is right twice
a day!