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Nortel AS (NTEL.TO)

PAST TOP PICK
(A Top Pick Sept 15/06. Down 27.5%.) Had a stop at $25. Still leery of this stock. Did very poorly in the last 2 weeks.
SELL
He can't give an investor any reason to own this stock. A lot of promises from management, which have been ongoing for years. Until they start to show that the promises are happening he wouldn't buy.
DON'T BUY
If you are going into the space, you're much better off with Cisco (CSCI-Q). Nortel is not winning in their space. Technology shares in Canada have a bit of a head wind.
DON'T BUY
They continue to have awful results. Some of their costs are in Cnd$’s which is going up. Sales are barely moving up. Have lots of debt.
BUY
They have been in a tough position of having to cut costs to stay competitive. The good news is telecommunications is a sector that is highly sought after. He expects to continue seeing rapid growth in this area. Have a lot of good technology.
BUY
Likes the group. If you are going into this for a trade, try to avoid the 52-week low. You’ll probably get a bounce on this.
DON'T BUY
This is an example of a company that shouldn't really be listed. Haven't had financial statements that you can rely on.
DON'T BUY
Haven't owned for a long time. Many problems with their accounting systems. Investors haven't been able to depend on the numbers they are seeing. On the fundamentals, there are more and more strong competitors entering the market.
BUY
The new CEO seems to be turning things around, and are starting to win some major orders, and have sold off things which weren't making money.The margins have gone up.
TOP PICK
Stop loss at $25 Tries to pick stocks that won't get trashed. NT has already been trashed.
SELL
Not attractive. Very expensive relative to their competitors. Sell on good news.
DON'T BUY
Still has some challenges. Trading at 17 X earnings, which is aggressive, as they have not delivered on earnings for the last 6-7 years. Also some question about maintaining their competitive edge in research.
DON'T BUY
We are in a bull market and Nortel is not participating. Thinks it still has problems. Would rather look at a railroad or machinery. If we go into a tougher market this will be hit harder then other.
SELL
Very hard to judge. Maybe they have turned things around. If it's up then sell it.
DON'T BUY
Good management and they're bringing in real processes. Still not positive one at because of both the industry and Nortel's position in the industry.
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