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Nortel AS (NTEL.TO)

PAST TOP PICK
(A Top Pick Feb 27/06. Down 15%.) The company suspended its financials, so he dropped it from their portfolio.
SELL
Stock will be split. Not a fan of this company. Thinks more people will sue them and that they will continue having accounting problems.
DON'T BUY
Will probably do a reverse split. Stay away from this one until the split is done, give it nine months to settle back down and then look at it.
DON'T BUY
Wouldn't touch this stock. Still haven't got their financials settled yet. You don't know what you're buying yet.
DON'T BUY
Had recommended this on another show, but a week later this company pulled their financials. That's a red flag. Until they get caught up with their financials he is not interested.
DON'T BUY
Have some excellent next-generation stuff but have an awful lot of legacy stuff the legacy stuff is not coming back.
DON'T BUY
Rational buyers are not seen this as a compelling buy. There is still a lot to be undone. There will be uncertainty for the next two years.
DON'T BUY
Can’t convince himself to step in on this one. New management is in place and they are making changes, bringing in tremendous disciplines but they had to revisit the accounting again and there is a lot to happen to the stock.
DON'T BUY
Nortel's book value is around $1-1.25. He would buy it if it was around $1. If you can get it at a good discount it is probably not a bad gamble. Predicts it is still too early to buy.
SELL
Unlikely to move up significantly. It's a shadow of it's former self. Don't like it.
WATCH
Nortel is trying to get underway. It has good products but the accounting nonsense over the last 3 years has not helped. This is not a huge fast growth industry. Stock is reasonably priced. Should do well. Recommends to continue to follow and watch.
DON'T BUY
He does not own this stock any more, he sold it when the new CEO was announced. The company has been semi-secretive. Still behind, a bit disorganized. Not enough focus on the business. Will take some time. r
DON'T BUY
Viable operation, has turned the corner . Prefers to be in something safer.
WAIT
The lawsuit is not quite over. There has been some hiring of senior positions but it will take time to deploy new strategies. There is a slow turn around. Need to be patient.
SELL
He does not own right now. He sold at $4.12. It is a slow moving train. Recommends to trade if you own. Does not see huge profits.
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