Nokia Corporation (NOK): Question No More, The Dividend’s Toast

As far as the duo’s phone in developed markets, the Lumina, as it is called, drove a 240% quarterly increase in sales in North America, as compared to the same period a year ago. That’s a pretty positive market response, putting some healthy numbers behind the solid reviews of the phone. While Nokia isn’t likely to unseat Google or Apple, it could easily launch Microsoft into the third spot in the smart phone operating system war. That, in turn, would position Nokia well, too.

Turnaround Play

Nokia is no longer a dividend play. Now it is a turnaround play through and through. It’s got a well-heeled and powerful friend in Microsoft and a great brand name. Add the company’s notable exposure to emerging markets, and there is a compelling reason to take a risk here. The low share price, meanwhile, makes the stock a prime option for an investor’s “fun money.”

Yours,

The article Question No More, The Dividend’s Toast originally appeared on Fool.com and is written by Reuben Gregg Brewer.

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