Tuesday, November 18, 2014

Nokia Releases Android Tablet - Shares Looking Undervalued Here

Nokia continued its climb back toward becoming a power stock once again with its launch today of an iPad lookalike.  It is an Android tablet that will be low cost.  This news has sent the stock soaring today, as NOK is up currently 4.11% to $7.99 per share.

Nokia is projected, per Yahoo! Finance, to earn .34 per share this year, which is well above the .03 per share it earned in the previous fiscal year.  It also is currently paying a nice dividend.

I find this stock to be undervalued and recommend it.  Disclosure, I am long NOK.

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