Daily Stock Opinions and Ratings

Wealthica The ultimate 360° Tracker Your financial life in one place, automatically

Opinions

Peter GrandichNortel ASNTEL.TOTOP PICKDec 13, 2004

All the bad things that could happen have occurred. It looks like they are going to pull out. The latest hint of how the accounting should come out doesn't look like there will be any terrible surprises. If this happens, it's a stock that technology players are going to have to own again. Use a stop loss of $3.50.

Peter Grandich

Owned

Unlock Rating

$4.64

Stock price when the opinion was issued

Telecommunications

It's the ideal tool to help you make quicker, more informed decisions for managing and tracking your investments.

Get Signals Create your Watchlist

You might be interested:

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.

Most Recent Experts

Richard Orrell

RN Croft Financial Group

Stockchase Insights

5i Research

The Panic-Proof Portfolio (Stockchase Research)

Stockchase Premium

Stan Wong

Private Wealth Management, ScotiaMcleod

The Weekly Buzzing Stocks by Billy Kawasaki

Stockchase

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].

Summer Sale

Peter GrandichNortel ASNTEL.TOTOP PICKDec 13, 2004

You might be interested:

Nortel AS(NTEL.TO)

Nortel AS(NTEL.TO)

Nortel AS(NTEL.TO)

Nortel AS(NTEL.TO)

Nortel AS(NTEL.TO)

Nortel AS(NTEL.TO)

Nortel AS(NTEL.TO)

Nortel AS(NTEL.TO)

Nortel AS(NTEL.TO)

Nortel AS(NTEL.TO)

Nortel AS(NTEL.TO)

Nortel AS(NTEL.TO)

Nortel AS(NTEL.TO)

Nortel AS(NTEL.TO)

Nortel AS(NTEL.TO)

Latest Buy Signals

Today's Top Picks

Popular Articles

Latest Sell Signals

Most Recent Experts

Richard Orrell

Stockchase Insights

The Panic-Proof Portfolio (Stockchase Research)

Stan Wong

The Weekly Buzzing Stocks by Billy Kawasaki