Stockchase Opinions

David Chapman Nortel AS NTEL-T PAST TOP PICK Jun 28, 2004

(Top pick Feb 13/04. Down 67%.) Monstrous collapse in 2000/2001. When this happens, it takes a long time to form a base. In a small uptrend right now which is probably just a correction for a recent drop. Has all kinds of problems.

$6.340

Stock price when the opinion was issued

Telecommunications
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DON'T BUY
There is no fundamental reason to own this stock. Just a gamble.
DON'T BUY
Very sad story. Almost gone. Wouldn't touch it.
DON'T BUY
Speculative. Have a number of challenges coming out of bankruptcy.
SELL
(Market Call Minute.) Take your few pennies off the table.
DON'T BUY
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.
DON'T BUY
In the end game, it is going to be worth next to nothing.
DON'T BUY
Doesn't see any reason to buy a stock that is approaching chapter 11. This is like going to the casino. Pure speculation.
SELL
You can do a lot better in any other communications equipment provider in the world. They are struggling.
DON'T BUY
(Market Call Minute.) Not attractive at all.
COMMENT
Has been delisted on the TSX but is still trading in the US. In bankruptcy proceedings shareholders usually end up with nothing.