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Nortel AS (NTEL.TO)

DON'T BUY
Not a fan of this sector. Valuations are not partucularily compelling and there have been too many blow ups.
TOP PICK
Outlook for telecom spending, especially wireless is quite positive. Good price. Feels that anything else that is going to come out on the accounting will be minor.
DON'T BUY
A speculative stock at this time.Financial statements still are waiting to be released.
WAIT
Still waiting to see the actual financial results.
WAIT
Encouraged by the delays in getting their financial statements out as it looks like they want to have it squeaky clean when it does. Subject to what the earnings look like, he could well be a buyer.
SELL
From a fundamental basis, there is no good reason to own this stock.
DON'T BUY
Forming a base can take some time. Could retest the $0.67 low some time in the future.
DON'T BUY
Doesn't see it getting back towards the $9 level for some time. Difficult to analyse this stock until the numbers come out.
DON'T BUY
Ranks in the bottom 1/3 their database. Year over year earnings have been minus 20%.
DON'T BUY
Their model price has been going down and is now $3.99 because of falling earnings estimates.
DON'T BUY
Still doesn't know how revenue falls to the bottom line. High risk. End markets are doing OK. Expects competition from the Asian market.
DON'T BUY
As a fundamental investor, there are no numbers so nothing to analyze. There is also a likely possibility for class action lawsuits.
DON'T BUY
Hope to save $500 million through their job cuts, but it will cost them $450 million to do it.
DON'T BUY
The real problem is that you still don't know what the real numbers are.
DON'T BUY
Will be challenged as we go forward. If he wanted to go into this sector down the road, would prefer Cisco.
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