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More Pain for NT
By Mark Evans | October 7, 2008
The stock’s down another 21 cents to $1.66.
While this is bad news for NT investors, you really have to wonder whether stock-watching matters much anymore. As much as Nortel’s fundamentals are far from good, it’s being hammered by volatile capital markets and a wave of negative sentiment. The more people believe that Nortel’s struggling, there’s more uncertainty and less faith in the stock and the company’s prospects.
It’s the perfect storm for the S.S. Nortel, and there’s little Nortel can do except batten down the hatches. focus on doing the right things, and hope it’s still afloat when there are calmer seas again.
I’m as guilty as anyone for pointing out the stock’s decline but this story is getting old.
Topics: Stock |