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Ross HealyNortel ASNTEL.TODON'T BUYAug 16, 2004

Feels that in the end not much is going to come out in their forthcoming report. Would like to see some numbers. FMV on old information is about $4.75.

Ross Healy

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$4.48

Stock price when the opinion was issued

Telecommunications

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COMMENT

Has been delisted on the TSX but is still trading in the US. In bankruptcy proceedings shareholders usually end up with nothing.

DON'T BUY

(Market Call Minute.) Not attractive at all.

SELL

You can do a lot better in any other communications equipment provider in the world. They are struggling.

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.

DON'T BUY

In the end game, it is going to be worth next to nothing.

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.

SELL

(Market Call Minute.) Take your few pennies off the table.

DON'T BUY

Speculative. Have a number of challenges coming out of bankruptcy.

DON'T BUY

Very sad story. Almost gone. Wouldn't touch it.

DON'T BUY

There is no fundamental reason to own this stock. Just a gamble.

COMMENT

There is nothing left. Management just couldn't get things turned around quickly enough.

SELL

Lots of nice assets that could be sold off but as a minor shareholder, you will not be a beneficiary. Sell it and realize your loss for tax losses.

SELL

Have huge pension and business problems. They were having problems when the economy was booming.

COMMENT

Has about $4 per share in cash. They are thinking of selling an asset that would raise about another $1 billion, which would add another $2 per share in cash. However, the overall quality of the balance sheet is as bad as he has ever seen it. Speculative.

DON'T BUY

The breakdown at the $6.90 level was pretty significant. At this price, it is more of a day-trader situation. Very high risk.

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Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : [email protected].

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Ross HealyNortel ASNTEL.TODON'T BUYAug 16, 2004

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