For instance, in the most recent quarter, the company was able to 7.4 million of its flagship Lumia phones. Bears will argue that the company still fell shy of estimates by 700 thousand phones. Though this may be true, the 7.4 million still represents a 32% increase from the first quarter. Another thing; Nokia's loss of 227 million euros was 20% better than the expected loss of 276 million euros.
I'm not ignoring the reality that this company still has plenty of work to do. Returning value to shareholders is not going to happen overnight. But you don't have to look too far to see that the company is on an uptrend. More importantl, investors no longer have to question whether Nokia deserves consideration as a good turnaround story. Management is authoring a new chapter.
If things continue to progress as I expect they will, by this time next year this stock will disqualify itself as a candidate for best stock under $5. Within two years, it will struggle to stay under $10, which will be a great thing for investors.
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