David Baskin
Nortel AS
NTEL-T
DON'T BUY
Jul 27, 2006
Talk of a reverse split which would help clean up the huge amount of shares outstanding. New management team has done a pretty good job in a crappy situation. Doesn't think the Microsoft (MSFT-Q) deal will help them too much. If you own, consider selling at year-end for tax purposes.
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.