Daily Stock Opinions and Ratings

Opinions

Benj GallanderNortel ASNTEL.TODON'T BUYSep 15, 2008

On his Stock Watch list. If it can turn itself around, it has huge upside. When he buys into a company, he has to see that the people running it are really looking after costs and care about the dollars and cents for the shareholders. This one has never given him the feeling of that.

Benj Gallander

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$5.42

Stock price when the opinion was issued

Telecommunications

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COMMENT

Has been delisted on the TSX but is still trading in the US. In bankruptcy proceedings shareholders usually end up with nothing.

DON'T BUY

(Market Call Minute.) Not attractive at all.

SELL

You can do a lot better in any other communications equipment provider in the world. They are struggling.

DON'T BUY

Doesn't see any reason to buy a stock that is approaching chapter 11. This is like going to the casino. Pure speculation.

DON'T BUY

In the end game, it is going to be worth next to nothing.

DON'T BUY

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.

SELL

(Market Call Minute.) Take your few pennies off the table.

DON'T BUY

Speculative. Have a number of challenges coming out of bankruptcy.

DON'T BUY

Very sad story. Almost gone. Wouldn't touch it.

DON'T BUY

There is no fundamental reason to own this stock. Just a gamble.

COMMENT

There is nothing left. Management just couldn't get things turned around quickly enough.

SELL

Lots of nice assets that could be sold off but as a minor shareholder, you will not be a beneficiary. Sell it and realize your loss for tax losses.

SELL

Have huge pension and business problems. They were having problems when the economy was booming.

COMMENT

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.

DON'T BUY

The breakdown at the $6.90 level was pretty significant. At this price, it is more of a day-trader situation. Very high risk.

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Benj GallanderNortel ASNTEL.TODON'T BUYSep 15, 2008

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