Norman Levine
Nortel AS
NTEL-T
DON'T BUY
Jul 12, 2005
Not a good buying opportunity at this level or anywhere near this level. The company is still in disarray with the recent management changes. The business they're in is highly competitive. Not as leading edge as they had been and they're losing market share.
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.