All About Nortel - Latest Comments in Oh My, 80 cents

Re: Oh My, 80 cents

yes4aapl — Sat, 07 Nov 2009 09:16:57 -0000

It's time for history lesson on AAN
For what it’s worth, Scotia Capital analyst Gus Papageorgiou rates Nortel as an “underperform” with a target price of C$1.75.
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re
Can you translate that canadian_nortelian language into simple English, pls?
It's bad stock, avoid buying because it can be as high as $1.75?
Today It is $1 Can so it would be Strong Buy with 75% return if the target is reached!
Bingo!
Who wants stocks better than that? better than 75% in 12 months?
and here is my opinion
NT stock was very lucky in last years
Almost all analysts were Bullish on NT (exception one or two analysts were Bearish)
Hype and pump, high targets for NT stock!
So much hype and what? NT does what NT knows the best .
Preparing the business to go CH11
They call it vertical BUs.
More of that Nortelian language.
sure thing is that nobody believes that 1300 job cuts saves Nortel and brings it back into profitability and prosperity!
There is nothing to argue about anymore.
NT stock is below $1 and will stay there before XMas.
As Duncan said, Nortel does not need NY Stock EXchange and the same to NT, we don't need NT in NY!
Duncan is the best!
Thanx for the guest's post Duncan!
Mark E, you are blessed having friends like Duncan.
I wish he wrote to me at yes4aapl2007@yahoo.com
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Look who replied to my post

Re: Oh My, 80 cents

yes4aapl — Tue, 11 Nov 2008 20:04:01 -0000

Tired?
I don't care who you are.
If you are Tired you should consider saving whatever it's left from your NT investment and go for a vacation.
Wasn't $1.20 good for you?
Wasn't $7 good for you 2 months ago?
Wasn't $15 good for you in Dec 2007 when I said 2008 will be the last year for NT?
When will you grow up and realize that your investment stinks?

November 11, 2008, 12:29 pm
Who Did Nortel Cut?

It was no surprise that Nortel, reporting a $3.41 billion loss, said it would keep slashing jobs, this time on the order of 1,300. More unusual are some of the names on the list: four executives who CEO Mike Zafirovski recently recruited from IBM, Broadcom and EMC in an effort to turn the company around.

The exec cuts signal just how bad things have gotten at the networking-equipment maker and also made analysts wonder whether the company is prepping for a breakup. “Breaking up the corporate structure and pushing it into the business units sounds like they are preparing for a sale, not saving costs,” CreditSights analyst Ping Zhao told the Journal.“Nortel is under pressure to sell itself in pieces.”
http://blogs.wsj.com/biztech/2008/11/11/who-did...
“Nortel is under pressure to sell itself in pieces.”
Tired
Tell me why?

Re: Oh My, 80 cents

protosphere — Tue, 11 Nov 2008 19:25:04 -0000

Technically, if they trade at under $1 for 30 days they can be delisted under they rules. This is true, yes. However, the NYSE can also use its discretion.

I imagine being so highly traded/liquid at one time and based on past sentiment, they would indeed extend their trading for a considerably period under a buck but don't quote me on this. Look how accommodating/lenient the OSC and SEC were to get an idea, where everyone is sympathetic to minimizing further damage or assisting them.

Note that when they kept stalling their numbers for almost a year a few years ago, restating a restatement, there was a real delisting deadline looming, which they met last second. With incorrect numbers if I may add that later restated this restated restatement... and no delisting then either

In short, I think providing financial statements is of a more pressing issue than trading under $1 for an extended period and especially in their case. Albeit they are lucky they trade at all for many reasons but it looks like their luck ran out now, going bust in the not too distant future where they must be a viable entity to trade at all .

Re: Oh My, 80 cents

less — Tue, 11 Nov 2008 15:45:27 -0000

Thats your business. Wasting others' money is another matter altogether.

Re: Oh My, 80 cents

Tired — Tue, 11 Nov 2008 14:44:52 -0000

When there's positive news, I will. Repeating the endless line of "Nortel's finished, they're all crooks, good riddance, blah, blah, blah" is beyond ignorant. But wait, look at the name of the person I'm replying to. Nevermind - wasted breath.

Re: Oh My, 80 cents

SUC_NT — Tue, 11 Nov 2008 13:16:02 -0000

Instead of asking people stop with negative, why don't you just bring up some positive?

Re: Oh My, 80 cents

yes4aapl — Tue, 11 Nov 2008 12:59:12 -0000

Delisting on NYSE will do nothing much
You will be able to trade your stock on Pink Sheets.
Don't worry about the technical things.
You should worry about NT's stock the big picture
here it is
http://finance.yahoo.com/echarts?s=NT#chart3:sy...
Charts don't lie!

Re: Oh My, 80 cents

Tired — Tue, 11 Nov 2008 12:41:55 -0000

Great - you said it yourself. There's "nothing to argue about anymore". So does that mean you'll stop with your endless all-negative posts?

Re: Oh My, 80 cents

KevinNash — Tue, 11 Nov 2008 12:34:41 -0000

Question: What happens if the company gets de-listed?
If you own stock, what happens to your shares? Do they have any value?

If anyone knows what officially happens in this scenario could you please post. Thanks.

Re: Oh My, 80 cents

yes4aapl — Tue, 11 Nov 2008 12:25:54 -0000

For what it’s worth, Scotia Capital analyst Gus Papageorgiou rates Nortel as an “underperform” with a target price of C$1.75.
====
re
Can you translate that canadian_nortelian language into simple English, pls?
It's bad stock, avoid buying because it can be as high as $1.75?
Today It is $1 Can so it would be Strong Buy with 75% return if the target is reached!
Bingo!
Who wants stocks better than that? better than 75% in 12 months?
and here is my opinion
NT stock was very lucky in last years
Almost all analysts were Bullish on NT (exception one or two analysts were Bearish)
Hype and pump, high targets for NT stock!
So much hype and what? NT does what NT knows the best .
Preparing the business to go CH11
They call it vertical BUs.
More of that Nortelian language.
sure thing is that nobody believes that 1300 job cuts saves Nortel and brings it back into profitability and prosperity!
There is nothing to argue about anymore.
NT stock is below $1 and will stay there before XMas.
As Duncan said, Nortel does not need NY Stock EXchange and the same to NT, we don't need NT in NY!
Duncan is the best!
Thanx for the guest's post Duncan!
Mark E, you are blessed having friends like Duncan.
I wish he wrote to me at yes4aapl2007@yahoo.com

Re: Oh My, 80 cents

joremero — Tue, 11 Nov 2008 11:31:56 -0000

investors in general are very afraid of the market, and NT ain't giving them a flashlight to help them during darkness ... NT needs more solid arguments to convince investors.... and save it self from delisting :P

Re: Oh My, 80 cents

Tue, 11 Nov 2008 10:59:52 -0000

There is no Canadian company doing enough in-country R&D that comes anywhere close to being able to use those credits.

Re: Oh My, 80 cents

NTer — Tue, 11 Nov 2008 10:56:23 -0000

Anyone know if Nortels deferred income tax credits would be transferrable to an acquiring company? If so, that's a valuable asset, albeit I think only to a CAnadian company.