Nokia Corporation (NOK) $1.80
The Company:
Given the dearth of good candidates based on a review of insider data last week, I decided to do something different and write about a potential turnaround stock for this week’s weekly focus article. While discussing Nokia with my analyst last week, I remarked that it was incredible that Microsoft (MSFT) paid $8.5 billion to acquire Skype and Google (GOOG) paid $9.6 billion (enterprise value) to acquire Motorola Mobility, yet Nokia trades for an enterprise value of below $1 billion. It was a little ironic that we were having this conversation on Skype and not on Nokia phones.