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Nortel AS (NTEL.TO)

DON'T BUY
Historically a consolidation or stock split tends to go down after. Still too early to get back in. More pricing pressures from competition.
DON'T BUY
Doesn't see any reason to own this stock.
WEAK BUY
Extremely volatile. Hoping the company is making a turnaround from its previous operation. The big question is, are their clients going to keep cutting back on their capital expenditures like they have. Their competition is tending to merge with each other. Cyclical stock and may be a trade, but not a buy and hold.
SELL
Haven't proven how they're going to restructure their business. Good management. Still some pain to come for them.
WEAK BUY
Seem to be turning the company around. A lot of its problems are behind it. Likes the management. Good technology. Still spending on R&D. Possibly a longer-term play. He is nibbling at it.
DON'T BUY
Getting to a point where we can depend a little more on the accounting. Given the problems that they've had presenting numbers that can be relied on, do you really know what you're buying. Expect they will have a lot of competition from Asia.
PAST TOP PICK
(A Top Pick Oct 3/05. Down 33 %.) This would have been sold in January. Looking very interesting right now in that is trying to buy them and is forming a reverse head and shoulders pattern.
DON'T BUY
Have a lot of work to do to get their act together. If you own, you might want to consider taking a tax loss.
HOLD
The turn in this company is going to be a slow one. They have the management in place now and they are trying to focus the business in terms of areas they believe have the best growth prospects.
DON'T BUY
A difficult business. Have a lot of debt to cope with. Have a large chunk of legacy baggage.
TOP PICK
Put a stop loss at $2.14. Thinks we have an upward trend in a sector he likes.
DON'T BUY
Doesn't like it. More resturcturing needed. Their compmetitors have grown bigger. They have new managment but it will take a while to come back.
TOP PICK
We are in the late stage of a bull market so a lot of stocks will not make a new high. Because of this, he looks for stocks that are not going to go down, but possibly even go up. Expect a year from now it will be higher.
WAIT
Done a little nibbling on this one. There may be one event left in their turnaround. The one sign that they may have turned around is if they do a reverse split to move the shares into the $15/20 area.
DON'T BUY
Not a fan of this company. The merger of Lucent (LU-N) and Alcaltel (AT-T) was approved so their competition is getting bigger. Doesn't think they have the financial resources for R&D.
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