tag:blogger.com,1999:blog-3584696203336871201.post906215454675067348..comments2008-09-18T11:57:04.596-07:00Dividend Growth Investorhttp://www.blogger.com/profile/11197290990687067072noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-3584696203336871201.post-68230374849347490132008-09-18T11:57:00.000-07:002008-09-18T11:57:00.000-07:00Anon,<BR/><BR/>Actually NOK did cut its dividend in euros as well in 2002:<BR/><BR/>http://www.nokia.com/A4126272<BR/><BR/>Liana,<BR/><BR/>Thanks for you comment. Nokia is big in emerging markets and it has been the market leader in the mobile phone market forever. It's pretty big in Europe..Dividend Growth Investorhttp://dividendgrowth.blogspot.com/noreply@blogger.comtag:blogger.com,1999:blog-3584696203336871201.post-87235168735667933502008-09-17T20:14:00.000-07:002008-09-17T20:14:00.000-07:00Maybe the dividend was lower because of the Currency Exchange Rate! The Dollar strong in 2002.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3584696203336871201.post-7986513856178474302008-09-17T19:11:00.000-07:002008-09-17T19:11:00.000-07:00Another great analysis, very timely as well--Nokia's price has been dropping in the past 6 months making the valuation a compelling buy--seems like investors have turned their backs on them as they move to other mobile tech companies with flashier offerings. I've followed this sector a bit and they're the only major player I see making inroads in developing and emerging markets. I can't imagine that Apple or Blackberry will be pushing it's product into sub-Saharan Africa anytime soon, so in the meantime it's to Nokia's advantage.Liana Chttp://www.blogger.com/profile/17680044554790838849noreply@blogger.comtag:blogger.com,1999:blog-3584696203336871201.post-65859747795611782432008-09-17T13:36:00.000-07:002008-09-17T13:36:00.000-07:00Brad,<BR/><BR/>NOK is surely on mu watchlist. I am pretty weak on the tech and international fronts for diversification purposes. But aren't you afraid that the term " emerging market" will soon become a "dirty" word, like it was 10 years ago?Dividend Growth Investorhttp://dividendgrowth.blogspot.com/noreply@blogger.comtag:blogger.com,1999:blog-3584696203336871201.post-48773771516901735772008-09-17T12:23:00.000-07:002008-09-17T12:23:00.000-07:00This is one of my Value Favourites and I think any company that is able to finance their own operations in this credit climate is one that will benefit. They are massive in emerging markets. Great analysis as always DGI!Nurse B, 911http://www.blogger.com/profile/13599091589209075856noreply@blogger.comtag:blogger.com,1999:blog-3584696203336871201.post-42433180895018363792008-09-17T07:31:00.000-07:002008-09-17T07:31:00.000-07:00Mjukr,<BR/><BR/>That's actually a very good question. But just because my conclusion is largely favorable, doesn't mean that the stock is a buy.<BR/>Please check the last two sentences of the report:<BR/><BR/>"One thing that bothers me however is that the dividend does fluctuate a lot and there is a larger possibility like in 2002 that the payment could be lowered if troubled times were to come again. Other than that Nokia is a great brand that should continue to do well in the future."<BR/><BR/>I have found that there is limited data about the international dividend achievers like BP, DEO, NOK etc that I have analyzed. Another fact is that few international companies tend to stick to a consistent ot consistently increasing dividend strategy like most of the US companies do.Dividend Growth Investorhttp://dividendgrowth.blogspot.com/noreply@blogger.comtag:blogger.com,1999:blog-3584696203336871201.post-91185799704916415272008-09-17T07:05:00.000-07:002008-09-17T07:05:00.000-07:00Maybe this is a stupid question, but when you analyze companies like this and your conclusion is largely favorable, why *don't* you own shares in them?mjukrnoreply@blogger.com