Comments on: UBS Joins Parade; Drops Target Price

By: yes4aapl

yes4aapl — Wed, 22 Jul 2009 07:24:34 +0000

OK I am nr 5 on this blog now.
open link and look at the right side of the screen under People tag
http://www.allaboutnortel.com/2008/09/12/ubs-jo...
and question how to get that green screen back?
So yes, MatPat has some creditors support for its actions. We just don't know, how much of the support.

By: yes4aapl

yes4aapl — Wed, 22 Jul 2009 03:24:34 +0000

By: UBS Downgrades NT | All About Nortel

UBS Downgrades NT | All About Nortel — Mon, 27 Oct 2008 17:01:38 +0000

[...] the time, Theodosopoulos has a target price of US$3.25. In mid-September, he dropped his target price to $6 from [...]

By: broadbandbill

broadbandbill — Wed, 17 Sep 2008 00:51:10 +0000

Den,

That is what the Bush Administration believed about Wall Street. Crap, regardless of pride and origin of ownership, has a way of showing its smelly side when we least expected…–bb

By: Den

Den — Tue, 16 Sep 2008 21:00:23 +0000

The Canadian Government will never let NT go bankrupt, how would it look if Canada Flagship of Technology goes bankrupt. I don't care about predictions, analyst or some dam Altzman Score. That's thew bottom line

By: Observer

Observer — Tue, 16 Sep 2008 01:27:52 +0000

You are so mysterious!
Which way to surprise? Bull or Bear?

Muahaha...is the post from Vested Interest about vendor payments true ? only 2 weeks til end of Q3

By: Vested Interest

Vested Interest — Mon, 15 Sep 2008 14:04:29 +0000

Something is brweing. Vendor payments have been frozen.

By: Nortel watcher

Nortel watcher — Mon, 15 Sep 2008 13:46:34 +0000

With today's bankruptcy filing of Lehman and the ongoing consolidation taking place in the financial sector that no longer includes Bear Stearns and Merrill Lynch, I wonder how difficult it will become for Nortel to roll over their debt let alone issue new debt?

The above will certainly affect liquidity and their pps.

By: protosphere

protosphere — Sun, 14 Sep 2008 19:18:34 +0000

Here is the Altzman calculator yes4appl was kind enough to furnish if you'd like to give this a try yourself:

http://www.creditguru.com/CalcAltZ.shtml

By: protosphere

protosphere — Sun, 14 Sep 2008 19:15:03 +0000

I am confused about Altzman score. Yahoo's Latest Income Statement and Balance Sheet for Dec 07 indicates the following (not for 2008):

1. Earnings Before Interest & Taxes:EBIT 651,000
2. Total Assets 17,068,000
3. Net Sales 10,948,000
4. Market Value of Equity 2,758,000
5. Total Liabilities 14,310,000
6. Current Assets 9,147,000
7. Current Liabilities 6,772,000
8. Retained Earnings -36,532,000

My Alzman Score calculates to .04 for these Dec/07 numbers where I wonder where they got minus 2.07 ( note that 2,969,000 "Long Term Deferred Asset Charge" is included as part of total assets above /the expiring Tax Credit and we saw how well the stock took it last time only part of it was removed)

Z-SCORE ABOVE 3.0 –The company is considered 'Safe' based on the financial figures only.
Z-SCORE BETWEEN 2.7 and 2.99 – 'On Alert'. This zone is an area where one should 'Exercise Caution'.
Z-SCORE BETWEEN 1.8 and 2.7 – Good chances of the company going bankrupt within 2 years of operations from the date of financial figures given.
Z-SCORE BELOW 1.80- Probability of Financial embarrassment is very high.

.04 is still outrageously high in probability but can you imagine -2.07 that Altzman came up with! I wonder where they got their numbers or of mine are off somewhere or if these take into account for recent numbers /2008 (which I suspect).

The minus 2.07 must be for more current numbers in this increasingly dire trend, and now with CDMA in decline, an area that accounts for almost all their earnings... wow... analyze this , analyze that... defer this defer that... perhaps the best indication may be keeping an eye on their cash vs. assets sold and Nortel paper printed to see rate of cash burn and how much time they have left... I dunno