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Nortel AS (NTEL.TO)

DON'T BUY
Risky. Big debt.
BUY
Volatile. Will survive. Speculative.
PAST TOP PICK
(Was a top pick on June 6. Down 54%) Still likes. Very cheap.Also buying their bonds.
DON'T BUY
Still more downside to come.
DON'T BUY
Needs to have an increase in capital spending. Speculative.
DON'T BUY
Burning a large amount of cash. Big debt.
BUY
Will be a survivor. Could be a take over which will up the value. Very cheap.
DON'T BUY
Would prefer a lower price.
TOP PICK
Good entry point.
DON'T BUY
On their watch list. Still has a lot more write offs to come.
DON'T BUY
Speculative. Will probably not make any money in 2002 or 2003.
DON'T BUY
Not sure how they are going to survive.
TOP PICK
Very cheap. Should have growth over the next two years.
WAIT
On their watch list. Too many shares outstanding so there could be a stock consolidation.
DON'T BUY
Speculative. Can't see much growth.
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