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Nortel AS (NTEL.TO)

DON'T BUY
It will be a long time before it turns around.
DON'T BUY
Will iake a long time to recover.
DON'T BUY
Wouldn't buy at this level. May start to look better by the end of theyear.
BUY
Under pressure. At a good price.
BUY
Has straightened around and now has to wait for telcos to pick up.
BUY ON WEAKNESS
Volatile. A little high now.
WEAK BUY
There should be gradual improvements. Low visibility in the near term. Long term OK.
DON'T BUY
Will stay in a narrow trading range. Not much upside.
BUY
Should grow. Doing all the right things to get healthy.
DON'T BUY
Boor balance sheet. Book Value was $11 a year ago and is now $1.50.
DON'T BUY
Has a clouded outlook.
TOP PICK
This is a hedge and has to be done with Lucent. Go long on Nortel and short on Lucent. Nortel should recover faster than Lucent.
TOP PICK
(Was a top pick on Oct 23 up 30%) Still likes. Connections with China will pay off in 5/10 years.
BUY
Growth will be slow, but price is good.
DON'T BUY
Expecting to break even this year. Will be volatile. Risky.
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