Just Like That, Nokia Corporation (ADR) (NOK) Is the Hot Kardashian Again

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A couple of years ago, a Wall Street analyst was convinced that Mr. Softy had marching orders to buy the then-hot Research In Motion Ltd (NASDAQ:BBRY) if the shares should ever fall below $50.

“I’m fairly certain they have a standing offer to buy them at $50 (a share),” Canaccord Adams analyst Peter Misek told Reuters five years ago.

Research In Motion Ltd (NASDAQ:BBRY)’s stock did fall below $50. It fell well below $50. Microsoft never cracked open its wallet. By the time it got cheap enough to buy it, just wasn’t worth buying. The same thing can be happening here, even though Nokia — at the right price — would make sense for more than just Microsoft or Huawei. Unfortunately for Nokia Corporation (ADR) (NYSE:NOK)’s present stakeholders, that right price is apparently a discount and not a premium to today’s sticker.

The article Just Like That, Nokia Is the Hot Kardashian Again originally appeared on Fool.com and is written by Rick Munarriz.

Longtime Fool contributor Rick Munarriz has no position in any stocks mentioned. The Motley Fool recommends Google. The Motley Fool owns shares of Google and Microsoft.

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