Brian Acker, CA
Nortel AS
NTEL-T
DON'T BUY
Apr 14, 2005
Historically has grown about 5/6% per year generally in the wireline, wireless and service equipment. Still a ton of over capacity with a lot of competition. Ranks in the bottom 7% in his database model. Sales have gone down by 5% year-over-year. Negative earnings surprise of minus 3%.
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.