Laura Wallace
Nortel AS
NTEL-T
DON'T BUY
Dec 01, 2003
Has had a good move on expectations that there will be an economic recovery in spending. Expects some spending improvement in telecommunications. Looks expensive. Might be an interesting stock for a trader.
If you own the stock, you are playing that there is some value in the assets they own. The company is not a going concern. Have a huge deficit hole in their pension plan. Individual parts of the company may be better being sold off.