This thread discusses Nokia as an investment. Let’s keep the discussion focused on the company and its business.
Continuing the discussion from Nokia-ketju. Mitä ajatuksia teillä on Nokiasta? (Osa 1) - 12545 - Osakkeet - Inderes forum.
Previous discussions:
Discord Inc said on Wednesday it has removed Reddit’s WallStreetBets server from its platform for violating its guidelines on hate speech and spreading misinformation./Reuters 02:10/
Rupee websites, servers, and forums lagging because big money has its pants down.
After briefly going private, subreddit r/wallstreetbets is back up. Moderator user zjz posted a response to why the subreddit was briefly taken private alongside the account’s Discord server being banned.
1.7 million new user accounts have been opened on the Wallstreetbets (WSB) forum in a couple of days (due to media attention). The forum now has about 4.1 million followers, and the number is constantly growing. Could one imagine that the number will continue to increase in the coming days if the forum stays open?
The forum has mainly discussed only about five stocks, of which Nokia has been one. The most talked-about still seems to be GameStop. But I dare to guess that the forum members’ messages like “Nokia to the moon,” “Buy Nokia,” etc., will continue.
WSB activists make daily YouTube videos, which can be found, for example, by searching for “wallstreetbets.” I got the impression that stocks are often analyzed for entertainment, in the style of “the fundamentals of a stock mean nothing to me, I follow my own technical ‘analysis,’” or: “I follow Wallstreetbets.” These videos can quickly have over 35k viewers, even within a day. Nokia has been only slightly featured in these videos; in a couple of vlogs I’ve seen, the vlogger has believed in Nokia’s stock price increase.
Discussions about Wallstreetbets in video clips from serious and news channels seem to revolve around the themes of “is this illegal” and the GME bubble.
I’ve seen quite a few changes on Kauppalehti’s VON forums over the past 10 years, and now Inderes’s forum is also full and has started a new page 
. Conveniently at a major turning point.
Without these forums, I wouldn’t have become a Nokia investor either. And this forum is truly the best - thanks to the active members @Lexus and @OldFeki and others.. for the amazing insights and views.. every day.
I’ve considered Nokia significantly undervalued for years, but especially in the last couple of years. The price dipping has offered many buying opportunities.
I haven’t understood the analysts’ views - for some reason, they haven’t wanted to see Nokia’s potential - not even after the Huawei ban. Playing it safe and pessimistically - as if they wanted to keep the price undervalued.
I also value the previous management - after all, Nokia was built during their time. But Pekka is definitely the right man for the job now and has started really good reforms - new leadership was also needed to restore confidence.
So far, Nokia’s rise is just the unwinding of undervaluation - the “fair” price is probably above 7€. We’ll only get to hype prices when it exceeds 10..
Thanks again to the forum - we are living in exciting times and it looks like we are getting wealthier. The price might still go down again, but I intend to stay invested.
It’s odd that during Trump’s reign, no one cared about the spread of hate speech or misleading information.
Now that McDonald’s cleaners and burger flippers have put their savings on the line and earned a little extra, the white-collar workers are starting to throw tantrums.
It’s certainly wrong if a millennia-old tradition has been turned upside down and the poor are exploiting the rich.
Luckily, this doesn’t work in Finland, and Nokia slides along all day in Helsinki until NYSE opens. I bet this same pattern (Americans boost, Finns diss) will repeat several times.
A large part of yesterday’s surge is pure hype, but $NOK still clearly stands out from the WSB short-squeeze crowd. GME and BB are different stories, even though the group behind the stock movements is the same. Shorts have nothing to do with Nokia’s rise. The company’s hype is justified by Nokia’s business and undervaluation, seriously.
NOK is trading at a Price/Book ratio of 1.3x, compared to it’s peers average of 4.0x and the sector average 2.2x
NOK is also undervalued in terms of Price/LTM sales. It has a ratio of 0.9x, it’s peers trade at an average of 3.9x, and the sector average of 1.8x
To establish the Fair Value Estimate, we’ll use 2 models taking input from previous NOK financials, as well as data from competitors. (Competitors include: CSCO, ERIC, MSI, MSFT, and AAPL.
P/E Multiples: $14.94 target
Earnings Power Value: $15.64 target
The average for the 2 models imply a Fair Value Estimate of $15.29
I wouldn’t push Nokia’s value quite that high, no matter how much one might inflate the outlook, but the fact is that the huge difference in valuation, for example, compared to many Helsinki counterparts, as @Juurikki pointed out, is a fact. How much, then, should Nokia’s situation improve for a P/E of, say, 30-40, to be justifiable? Hard to say.
Be that as it may, in WSB, Nokia’s “fair value” in the -sensible- posts is $15-$25. That suits me just fine.
Behind it all is global hype, not just in the USA. And this #Call-squeeze phenomenon cannot be ignored. The stock’s development is difficult to predict, but with options trading heavily around ten dollars, this activity will likely continue until tomorrow - and possibly for a long time thereafter.
And what stock would be more suitable for this than a Finnish popular stock? Without taking a stance on how this will turn out, this rise would be significant for the Finnish national economy. This is truly for the people.
You can’t stop the internet.
Buy more.
https://twitter.com/stoolpresidente/status/1354589231960743936?s=20
And only 1.3 million views so far.
What a time to be alive.
American meme stars are manipulating Nokia’s stock.
Forum members are playing through the internet in the Nokia thread 
This does bring up some mixed feelings. It makes me wonder if this is entirely healthy. On the other hand, last autumn was a nightmare for a “long-term investor” who had only been involved for a short time, with its double crashes. I can only imagine the feelings of those who have been involved for years. The average price of my portfolio is so low that I can’t really lose much no matter what happens. I’ll just sit tight and watch this “circus” with a calm mind. I still consider Nokia’s core business to be relatively healthy and capable of development.
I logged in here because of this little rally. I once acquired 25k Nokia shares at an average price of 5.60 euros per share. I don’t remember the last time the investment even briefly rose out of the red. During the speculation about selling Here, it looked good for a moment, and perhaps once after that, it briefly touched positive. Otherwise, I’ve held and ploughed through the record low of 1.40 euros in the summer of 2012 and all the other muck.
The fading of hope has, for me, continued since 2011, so long that I haven’t followed Nokia except for occasional glances during quarterly reports. I’ve gotten used to the crap and haven’t felt like biting on any bait. Perhaps I’ve hoped a little for the return of dividends and set my sights on breaking even in 2025.
So, this miracle rally caused some kind of shock yesterday. I stayed up until half past three in the morning browsing the internet for the hype from these American everyman speculators. From some echo chamber of my soul, my own enthusiasm returned when, after Elop’s burning platform drop, I caught a falling knife and thought I would get rich. That was almost 10 years ago.
If that 5.60 breaks in the coming days, we’ll see what emotions arise. Hell, if after ten years of hoarding, I took my money out, and the stock then ran into double digits. That would be an epic ending to my lol fail investment saga.
My friend, I can relate to your state of mind. I’ve personally waded through winds and storms with this, constantly believing that one day the sun will shine. My average price is lower, so we’re already in profit. The worst mistake one could make now is to not capitalize on the hype. Nokia is now seeking a completely different valuation, and that is truly welcome.
I’m just watching from the sidelines, and if our American friends pump the stock high, then I’ll just sell. Get the popcorn ready. By the way, it was interesting to follow the WSB discussion yesterday, or rather, it wasn’t a discussion at all but pure raving, like the end times. I won’t touch Nokia stock for a while now. Let WSB (WallStreetBets) handle it, since they went down that road.
30 years ago, it was said that when taxi drivers start giving stock market tips, the market is overheated, and it’s time to sell. Times have, of course, changed, but that saying came to mind when I read this:
Mia K. on Twitter: “BUY NOKIA !!!” / Twitter
Brought to modern times, that advice could be: When porn stars start giving stock tips, be very careful.
Yesterday, I received a message from a close relative who understands nothing about investing, asking if now would be a good time to sell Nokia. There’s no surer sign that the rally will continue outright 
They had read a Helsingin Sanomat (Hesari) article where some investor had sold Nokia for a small profit and boasted about putting the money towards a new car. I couldn’t breathe for a moment because I was laughing so hard 
It’s fun to follow Nokia’s premarket book when the bid side is much larger than the ask side. Not enough sellers to be found 
Nordnet apparently couldn’t handle that rocket 
The stock exchange has been open for 5 minutes and Nokia’s trading volume is 16 million shares. Good day…