Stockchase Opinions

Rick StuchberryNortel ASNTEL.TODON'T BUYApr 03, 2009

Doesn't see any reason to buy a stock that is approaching chapter 11. This is like going to the casino. Pure speculation.
$0.25

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
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.