Even on a day when the stock market was notably down, Nokia still substantially underperformed its peers, falling as much as 5% in trading today. Things haven't been looking good for the onetime telecom leader, whichj was downgraded earlier this year to junk bond status. The company has to secure additional financing by using convertible bonds, as it attempts to come back in a difficult technology market. See more in the following video.
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Nokia Takes It to the Bank
This company is still in a world of hurt.
Andrew Tonner owns shares of Apple. The Motley Fool owns shares of Apple, Google, and Microsoft. Motley Fool newsletter services recommend Apple, Google, and Microsoft. 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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