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Category Archives: Stock
Dubious Win for Nortel
This shouldn’t come as a surprise to anyone but Nortel claimed the title as the S&P/TSX’s worst performer in 2008 with a 97.86% decline. That allowed it edge out Oilexco Inc., which fell 97.84%. Here’s a couple of charts as food for thought: Technorati Tags: Nortel
Posted in Stock 3 Comments
Got a Quarter? Buy Some Nortel
It’s been awhile – well, a week or so – since I last posted on Nortel’s share price but….it dropped below 25 cents today, hitting a new record low of 24 cents on the NYSE. Nortel now has a market capitalization of $129.3-million. Of course, it also has $4.5-billion of debt and a pension-fund deficit [...]
Posted in Stock 5 Comments
Nortel Terminates ESSP
Not sure if many Nortel employees are going to be too upset but Nortel has terminated its employee stock purchase plan (ESSP) As a result, Nortel employees need to do the following by March 31, 2009: - Transfer ownership of all whole shares in their accounts to a broker; - Have all shares in their [...]
Posted in Stock 10 Comments
De-listed, De-lightful, and De-Lovely?
(With apologies to Cole Porter!) There has been a lot of wailing and running in circles on the possible news that Nortel shares might no longer qualify for listing on the New York Stock Exchange (NYSE.) It certainly sounds like a negative event, but maybe Nortel might not want to fight all that hard to [...]
The “Art” of Zero as a Target Price
BusinessWeek has an interesting article looking at the growing number of analysts slapping a zero target price on a company’s shares. Nortel became a member of this dubious group when RBC Capital Markets’ Mark Sue did the dirty dead. But Nortel is far from being alone as companies such as General Motors and IndyMac Bank [...]
Posted in Stock 2 Comments
Nortel Shares Jump 30%