Despite flooding the market with Windows-powered smartphones, troubles for Nokia (NYSE: NOK) are far from over. On the other hand, Pristine Solutions (OTC: PRTN) is having a field day in the OTC market buoyed by its recent acquisition of Eaton Scientific Systems. Market forces are applying increasing pressure to behemoths like Apple, Microsoft and Google to enhance shareholder wealth. Unstable economic conditions across the globe are worsening the problems for these blue chips. Thankfully, consumer durable companies such as Pristine Solutions have no reason to worry.
The Finnish Tragedy
Many economists consider the Finnish economy to be largely dependent on the fortunes of Nokia. In its heyday, Nokia commanded 95% of the cell-phone market in the world. Things, however, started to unravel for the global telecom giant when users stared moving towards smartphones. Nokia, content with its Symbian OS, failed to satisfy customer expectations, paving the way for Apple and Samsung to take over the handset market globally. The market is abuzz that things will change again (this time for good) after September 5, 2012, when Nokia will be unveiling a new range of smartphones across the globe. Investors in the company at the moment are taking profits off the table and preparing for another upswing in the stock in the coming days.
Pristine, on the other hand, is doing phenomenally well in the OTC market due to its smart business moves. The water solutions provider is using its cash on the books to make acquisitions to pursue its inorganic growth plans.
Pristine Zooms Northwards
Pristine, which provides residential and commercial water solutions, has been in the news recently for its acquisition of Eaton Scientific Systems, which in turn holds the global intellectual and marketing rights of drug Tropine 3. The drug is used in treatment of hot flashes in per, pari and postmenopausal women. The field trials for FDA approval will be conducted shortly, paving way for entry of Tropine 3 in the market.
On August 29, 2012, the stock of the company rose by 6.5% taking its value to $0.41. This is the third consecutive trading session in which the stock has performed exceptionally. During this week, the stock gained 175%, making it one of the best investments for penny stock traders.
Upbeat About Nokia
Nokia has long been at the receiving end of market analysts. The company was literally caught napping (or in hibernation some may say) by smart movers such as Apple and Samsung. Apple in particular was mainly responsible for revitalizing the smartphone market (or creating it). With a new management team at the helm, Finnish investors are still upbeat about the company and are of the opinion that Nokia will emerge again as the global telecom leader.
Opening New Doors
Though Pristine acquired Eaton, the management of the company was left intact to let it grow. Michael Borkowski, president and CEO of Eaton Scientific, is optimistic that Tropine 3 will be a blockbuster drug and open new avenues for Pristine.
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