Nokia's valuation today reflects extreme skepticism that the company will successfully transition to a new operating system using the Windows platform, says Dodge & Cox manager Diana Strandberg.
Vitaliy N. Katsenelson, CFA, is a portfolio manager/director of research at Investment Management Associates in Denver, Colo. He is the author of “Active Value Investing: Making Money in Range-Bound Markets” (Wiley 2007). To receive Vitaliy’s future articles by email send a blank email to ...