Wall street bets has put a few long forgotten stocks back into the public eye. Nokia in particular stands out. They make it clear that they are not done. Net sales in 2020 was 21.9 billion Euros while their market cap is only 20 billion. In the past two decades, Nokia has invested 129 billion Euros into R&D. Nokia has licensed out the right to their phone designs and refocused their vision on 5G. They have over 3,000 5G patents! With 155 years in business, "Nokia has found and nurtured success over the years in a range of industrial sectors including cable, paper products, rubber boots, tires, televisions and mobile phones". Obviously they have a niche for adapting to the times.
NOK is fundamentally undervalued.
We also must consider the nostalgic value. I always loved my Nokia phone because of how basic it is. And when I dropped it, it would explode into a few little pieces, absorbing any shocking force that could do some real damage. It would never break! Unfortunately, the only reason I can't still use this phone is because of PLANNED OBSOLESCENCE: the chip in my new phone is a different shape. And I know for a fact that the chip hardware has not changed. Would you like to know how I know that? When upgrading my phone a couple years back, the employee at Best Buy simply took the bigger chip out of my old phone, pulled out his special CHIP RESHAPER and stamped my old chip into the shape of a new, smaller one. This is the only factor holding me back from using my brick phone.
Lastly, peep the high trading at the lows!
See you diamond hands on the rocket moon!