Nokia shares have gone on a heck of a run recently, as the CEO and other board members purchased more than 1 million shares in a show of confidence. While it's nice to know management is in the same boat as shareholders, that doesn't do a lot of good if the ship in sinking. Unfortunately, this is a pretty transparent attempt to prop up investor confidence, and it doesn't mean shares are a compelling buy today. Austin cautions investors against following management down this money pit.
The best bet in this space still lies with the company that's burying Nokia: Apple. However, with the impending release of the iPhone 5 and Apple TV on the horizon, the stakes have never been higher for the company. If you're looking for a recommendation on how to play Apple along with continuing updates and guidance on the company whenever news breaks, we've created a brand-new report that details when to buy and sell Apple. To get started, just click here now.
The article Nokia: Still a Terrible Buy originally appeared on Fool.com.
Austin Smith owns shares of Apple. The Motley Fool owns shares of Apple, Google, and Microsoft. Motley Fool newsletter services recommend Apple, Google, Microsoft, and Nokia. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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