Gavin Graham
Nortel AS
NTEL-T
WEAK BUY
Dec 05, 2005
They do $10/12 billion a year in sales and they earn between half and one billion, so you are making about $0.10 US in earnings. Treat as a trading stock.
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.