Added to Nokia ADRs

Read a piece in Barron’s online about Rupal Bhansani’s MANG investments which she believes are more attractive than FAANG at the present time.

Nokia is part of MANG and manufactures telecom equipment for 5G inter alia. The US currently wishes to ban Huawei Technologies – a competitor – from US networks. Nokia stock is believed to be on about 12 times forward earnings, and has started to pay quarterly dividends. I originally bought a small holding at $5.38 in April and have just increased to core holding size at $5.12. Orders and quarters for this type of business can vary a lot, but the hope is that Nokia is starting a multi year recovery.

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