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My Top Pick is….Nortel. Say What?
By Mark Evans | January 8, 2007
It’s not often you come across a fund manager who has Nortel has his/her top pick but Robert Callander, a portfolo manager with Caldwell Securities Ltd., appears to be the exception to the rule. Mr. Callander, who ranks Nortel as a “buy”, told the Globe & Mail he was encouraged by the company’s recent stock consolidation, which he sees as the final sign of a recovery. Callander’s also excited by Nortel’s cost-cutting program and the recent $2-billion contract with Verizon Wireless. “When you start to get wins with the biggest in the industry, other people stand up and take notice,” he said.
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Topics: Analyst Coverage, Wireless |
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