Duncan Stewart
Nortel AS
NTEL-T
WEAK BUY
Nov 12, 2004
Have gone from having some credibility to none. Owns it because it's the cheapest telecom equipment manufacturer today. They are good at Voice over IP, wireless stuff and optical components are good and products are selling.
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.