Category Archives: Stock

Another Stock Consolidation?

By Mark Evans | Published: December 11, 2008

Is another stock consolidation in the works? Or could Nortel shares be delisted? The possibility became a lot more distinct after Nortel was informed by the New York Stock Exchange that the price of its shares had traded at an average of $1 for 30 consecutive trading days ended Dec. 9, 2008. As a result, [...]

Posted in Stock | 6 Comments

How Low Can it Go?

By Mark Evans | Published: November 20, 2008

Nortel (NT:NYSE) dropped to 45 cents this morning, giving the company a market capitalization of $226.1-million. (Keep in the mind, the major stock indices are down 1% to 2% today). The question is how low can Nortel go? Is Mark Sue’s target price of zero that far away? Clearly, investors have lost confidence in Nortel’s [...]

Posted in Stock | 61 Comments

NT Soars 32%

By Mark Evans | Published: November 13, 2008

Go figure, Nortel shares (NT:NYSE) jumped 32%, or 19 cents, yesterday to 78 cents amid news that RBC Capital Markets analyst Mark Sue had slashed his target price to zero. Perhaps it was the news that Verizon Business had selected Nortel to help deliver a new managed telepresence offering that lets organizations collaborate over IP [...]

Posted in Stock | 15 Comments

The Sky and NT are Falling

By Mark Evans | Published: November 12, 2008

Nortel now trading at 67 cents – 6.7 cents when taking into account 10:1 stock consolidation. Nortel can now be yours for $337.5-million, not including $4-billion of debt; $2.3-billion of cash and a $1.2-billion pension fund deficit. More: CNet’s Jon Oltsik has an interesting article asking if there is a way out for Nortel. Among [...]

Posted in Stock | 71 Comments

Oh My, 80 cents

By Mark Evans | Published: November 11, 2008

Nortel shares hit an intra-day low of 80 cents before recovering to 85 cents, which gives it a market capitalization of $425-million. Clearly, yesterday’s announcement did little to provide investors with enough confidence that Nortel has a plan in place to get back on the right track. The question is what were investors looking for [...]

Also posted in Analyst Coverage | 14 Comments

The Stock Price is Irrelevant

By Mark Evans | Published: October 31, 2008

This may come across as sacrilegious but Nortel’s stock price is pretty irrelevant. Sure, it’s sharp decline has provided good “entertainment”, and I’ve been as guilty as anyone of highlighting the series of new lows. For now, however, the stock is being controlled by two major factors: growing concerns about liquidity and emotions. This one-two [...]

Posted in Stock | 28 Comments