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Nortel AS (NTEL.TO)

DON'T BUY
Wonderful product, but horrible stock to trade. They have to learn how to account for their product and it will probably take years for the average investor to believe in them.
BUY ON WEAKNESS
Treat the stock as a trade. Buy below $5 and sell it around $6.50/7.
WEAK BUY
Doesn't think a take out by Cisco is likely in the near term. Not a bad entry point. Risky, so only a small portion should be in your portfolio.
DON'T BUY
A speculative buy. Until you know what the true fundamentals/finances is, it is a speculation.
PAST TOP PICK

(Top pick Feb 13/04. Down 67%.) Monstrous collapse in 2000/2001. When this happens, it takes a long time to form a base. In a small uptrend right now which is probably just a correction for a recent drop. Has all kinds of problems.

DON'T BUY
Very difficult to get long-term visibility and to understand the products and their margins. Speculative.
BUY
Has had a very volatile history. Earnings are unknown. Their strength is their engineering and will the questions on accounting upset them. High volatility and risk, but the odds are it will go higher.
DON'T BUY
Too many questions regarding what their statements should look like and will there be more restatements. A speculation.
WAIT
Was not interested when accounting issues were in question. However, the strategic alliance with Cisco is a strong endorsement. Speculative right now.
WAIT
Positioned well for the next generation of wireless equipment sales. Would look attractive in the $4.60 range. High risk and volatile.
WEAK BUY
Hard to recommend a company where they don't know what their earnings are or what their revenue is. Putting that aside, the business has turned and they have decent products. A high risk situation.
DON'T BUY
Guessing that it should be in a value range of $3/4.50. Have to wait to see what the numbers are now.
PAST TOP PICK
(A top pick Feb 12/04. Down 48%.)
DON'T BUY
The financial statements for the last couple of years are unknown at this point.
DON'T BUY
Not trading off fundamentals. Hitting technical points and bouncing. Should be some decent support developing over the next several months.
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