Have a great Saturday, I know $NOK-2.0% hasn't been doing well for a while and now it has announced it will be cutting ccs 14,000 jobs as part of cost cutting. What started them off to be in this position? Thanks
Nokia Oyj
NOK
$3.49
-$0.07
-1.97%
Capital Structure
Market Cap
19.7B
Enterpr. Val.
18.5B
Valuation
P/E
4.8
P/S
0.7
Dividends
Yield
5.7%
Payout
14.9%
It was mainly the fact that they were unable to innovate enough that started it off, and then somehow it just kept going :)
I thought they just missed the train. And it looks like they're probably not gonna catch up with him
This is where I really think the train has long since left :)
I have no idea what the company is doing now, but just for Nokia, watch out for the PE ratio, it's actually higher than reported due to tax benefits. (They deducted the loss from previous years)
I'm not thinking of investing in it, I just came across it last week after a long time