Robert McWhirterNortel ASNTEL.TOPAST TOP PICKJan 12, 2006
(A Top Pick Oct 27/05. Up 1.5%.) From a techno analyst perspective it looks interesting. Ranks just about half in his database. The latest report had a negative earnings surprise.
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.
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.