It just started getting spammed in the wsb discord. Spam a stock enough times and tell everybody to buy.
This one was a pump to clear out stagnant positions even NOK people came out and say there was no reason for it to move.
This one was definitely weird since it got grouped in with GME, AMC, and BB. Not sure how it happened in the same community even though it had no short interest, and that was what started the talk in the other 3.
Nokia is a massive Telecom company that is a leader in 5G. P/E below 15. P/B of 1.5. Here is some more DD in the video.
If ever there was a company with great products and good people that was heartbreakingly badly run, it is Nokia. For what it's worth, I think their performance will improve over the next few years.
Nokia was such a good company back in the day but got left behind just like Blackberry and Nortel, at least Blackberry and Nokia survived. Looks like it's going to be pumped again by the reddit and twitter crowd, I saw one guy on twitter with 500 shares trying to pump it I lmao till I almost fell off my sofa.
Elon is a great pumper, I don't understand how the SEC let him get away it, but then again he said he have no respect for the SEC so maybe he have something on them.
I'm sure he's got the best lawyers where he's skirting the law close enough where the worst that can happen is a fine and not any jail time. When you have more money than you can spend, you don't care about fines.
SpaceX is building a 2M square foot factory in Austin Texas, near Tesla's Giga Texas, to build Starlink dishes and hardware. Elon has no problem committing to an idea. Now that we know Starlink is going to be the backbone for a cellular network, this seems likely to have significant impact on mobile carriers, as well as network providers like Nokia and Samsung. I've been thinking about a non geosynchronous satellite based cellular network. Assuming there will be few to no terrestrial backbone links, they probably have no need for synchronous ethernet. This puts them on standard network hardware and that would be a significant saving over a traditional cellular network. I can imagine a monopole tower with a sectorized antenna array, Starlink dish (or two), a few solar panels, all of which can be deployed with a concrete foundation for perhaps $200K per node and maybe four months of lead for permits and foundation work, prior to a pre-fabricated cell tower being bolted to a foundation. That would be a game changer which would end a lot of corporations, including Nokia. If that target could be hit, they could install 100K cells in perhaps 20 years for about $20B. That could replace every other carrier. Elon could personally fund this but can you imagine how long an IPO would take to achieve $50B of funding for an Elon Musk owned company that promises to replace the entire existing cellular infrastructure? I would stand in line for a chance to buy a ton of those shares. Without solar power, they could still disrupt an industry but it will add 50% to their cost and a lot of time. So, I have no plans to buy Nokia for long term hold.
Nokia is a good company. Very few people understand what the company is about, now that they've punched themselves in the junk from a retail perspective. I've been thinking about Elon's presentation at Mobile World Congress. He spoke about partnerships with cell providers. Based on little more than a hunch, I think there is something more going on with Starlink. Selling wholesale bandwidth isn't much of a talking point for Starlink. So, why would he mention it.... - Starlink could exchange bandwidth for affordable network access for the Tesla fleet. - Elon could be developing a suite of hardware and software for Cellular network. This makes a surprising amount of sense if you consider they have already developed a good chunk of the suite for use in the satellite network. If Elon is working on a software suite for cellular, that could have a deep, negative, impact to Nokia on the longer term. Consider this: If I wanted to possess a global cellular network, I wouldn't start installing cell towers and hiring tower scalers. I'd lay in the weeds and buy entire networks, as they become available at an affordable price. Working on the software side could be a brilliant stroke. Software is a significant chunk of the cost of running a cellular network. This cost is why I like Nokia but if Elon wants to eat that cheese, it completely changes the calculus of the industry.
Nokia is trash, in my opinion, a company that has seen its prime and been surpassed by the powers-that-be. Sure they made enough money back when they were one of the major players to be able to re-brand themselves but I wouldnt touch Nokia.
