It seems like a strange time to be initiating coverage on Nortel but Cowen & Co. did so today with an “underperform” rating.
“While recognizing that shares are down 96% YTD and that additional downside is likely limited on an absolute basis, we believe shares will under perform the group and the broader market over the next twelve months. We see no real catalyst for shares, and with a declining demand environment, we believe there is little chance that shares will stage a meaningful recovery.”
With such a bleak outlook, you have to wonder why Cowen & Co. bothered.
I hav yet to see AAN remove posts that are neutral, objective or even pro-Nortel.
Whancha stop trying to out-negative AAN and finally get around to posting why everyone should rally around and buy Nortel stock already. Thats what Nortel needs.
All I have is the stock ticker and word of mouth from NT folks, past and present, to go by. Looks like things there haven't changed much since I was there.
Convince me already. Sell me the product.
notafan
mmm… can you tell me what you think my expected outcomes are? because i thought there was just one. and you're right, its not a positive deviation from the aan cult, but i write for a different purpose and at least i don't hate nt
less
I, less, posted something positive about NT is all. None of our objective thinkers have contributed much of anything to any post beyond rote snide complaints of “bias”.
puddintane hasn't shwon up yet, so we'll see if he wants to comment too.
less
From the New Age Dictionary: opinion = cult death by global warming = fact
notafan
you're a moron. i said aan has an effect on the stock price, not that it was the sole reason for driving down nt from 120 to .50. if you don't understand the difference between the two, you don't belong here. it's rather ridiculous to think that something publicly writes about a single company whose visitors are mainly its employees and investors have absolutely no effect on the stock price, especially, when you claim that the content of it is object.
you keep putting words in peoples mouths to support your personal attacks. stay in context, and use quotes. try again
less
You post the same negative criticism about AAN over and over expecting a different outcome, both for the blog and Nortel stock. Hows that a postive deviation from yer average AAN cult members negative posts?
Ask most any Pyschiatrist and they'd say doing so is rather fittingly called being “anal-retentive”.
less
I vote against this proposal.
less
I hav yet to see AAN remove posts that are neutral, objective or even pro-Nortel.
Whancha stop trying to out-negative AAN and finally get around to posting why everyone should rally around and buy Nortel stock already. Thats what Nortel needs.
All I have is the stock ticker and word of mouth from NT folks, past and present, to go by. Looks like things there haven't changed much since I was there.
Convince me already. Sell me the product.
notafan
mmm… can you tell me what you think my expected outcomes are? because i thought there was just one. and you're right, its not a positive deviation from the aan cult, but i write for a different purpose and at least i don't hate nt
Cowen & Co. Initiates Coverage
It seems like a strange time to be initiating coverage on Nortel but Cowen & Co. did so today with an “underperform” rating.
With such a bleak outlook, you have to wonder why Cowen & Co. bothered.
Technorati Tags: Nortel