Have a great Saturday, I know $NOK-2.1% 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
NOKCapital Structure
Market Cap
23.3B
Enterpr. Val.
18.8B
Valuation
P/E
22.3
P/S
1.1
It was mainly the fact that they were unable to innovate enough that started it off, and then somehow it just kept going :)
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)