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Archive for March, 2008

Sue Slashes Target Price…Again

Mea Culpa: It turns out that I was wrong about the new record low. The record low is actually $4.30 (43 cents pre-consolidated) in September, 2002.
RBC Capital analyst Mark Sue is down on Nortel.
From quasi-bullish to downright bearish in almost no time, Sue has taken YET another hack at his target price - lowering it [...]

A Look at Nortel

The Report on Business Magazine has a feature story on Nortel and its struggles to pull off a turnaround after more than two years of CEO Mike Zafirovski at the helm.
Interesting read.

Why Can’t Nortel Buy Something Cool?

Admittedly, acquisitions are difficult to make given you need to find the find technology and the right team at the right place.
But why can’t Nortel, which desperately needs a strategic spark of any kind, acquire a start-up(s) with exciting prospects that would give people a sense that senior management has a vision of the future [...]

How Low Can NT Go?

With Nortel touching another record low of $6.25 last week, the question is how low can the stock go? With tougher economics conditions, particularly in the U.S., carriers being increasingly careful, and the competition landscape getting even more intense, can Nortel turn the tide?
Here’s some sobering food for thought: At the peak of the telecom [...]

Deutsche Bank’s $28 Valuation

Deutsche Bank’s research report issued earlier this week on Nortel and Motorola gives Nortel a enterprise value of $14.8-billion or $28/share. Here’s how the numbers break out:

Light Blogging Ahead

I’m taking some vacation so posts will likely be few and far between for the next several days - unless there’s major news.

Analyst: Resize, Nortel

Having not read this report, it’s impossible to determine what Deutsche Bank analyst Brian Modoff is suggesting but he believes Nortel would do itself a whole lot of good by “sharply resizing itself”.
Strikes me is this is what’s happening but perhaps not as dramatically as Modoff would like to see happen.

Source: AP

The Fool on Nortel

Motley Fool has some coverage on Nortel as part of story looking at stocks that have dropped off a cliff recently. (See chart below).
The MF take on Nortel is not good:
“With the economy trudging towards a level worse than many thought, Nortel doesn’t have the benefit of the wind at its back either. While some [...]

Class-Action Lawsuit Payments Coming Soon

Apparently, the money owed to people who participated in class-action lawsuits filed against Nortel could be getting their dough-re-me soon.
Too bad the original $2.4-billion judgement has shrunk to $1.23-million as Nortel’s share price has tumbled to an all-time low.
Source: Ottawa Citizen

Technorati Tags: Nortel

A Bad Week for NT Investors

Nortel shares fell a whopping 21% this week from $8.60 to $6.75, including a 52-week low of $6.71 earlier today. (For those keeping score, that’s 67 cents before the stock consolidation).
Ouch
Update: According to CBC.ca, Nortel shares hit a record-low today.

Technorati Tags: Nortel