Over the past two years Nortel has managed to underdeliver just about every Q. Does anyone exptect anything different? Lets not forget that the share price has droped about $19. That is a direct reflection on the management, Mike Z and his team of winners. The sad thing is these guys give themselves pay increases and continue to distroy shareholder value. We should all show up at the shareholder meeting and throw tomatos at Mike and his team.
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The issue right now is CASH. How much does Nortel have, how much cash are they losing, can they raise more cash, will any lenders demand cash? The stock market currently prices Nortel as a bankruptcy candidate, so the issue is CASH.
What the Analysts Think
For what it’s worth, here’s what analysts are thinking as far as Nortel’s Q3 and 2008 financial performance.
And here’s what they think about the stock:
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