Michael Sprung
Nortel AS
NTEL-T
DON'T BUY
Jun 15, 2007
Haven't owned for a long time. Many problems with their accounting systems.
Investors haven't been able to depend on the numbers they are seeing.
On the fundamentals, there are more and more strong competitors entering the market.
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.