| SPECULATIVE BUY | 2.350 | Ross Healy | 60% discount to book value. It’s a warrant on the survival of the company. It could be bought out. It’s a natural to be acquired by someone. | 2008-10-02 | |
| DON'T BUY | 2.340 | Gordon Higgins, CA, MBA, CFA | Threatening to sell of a major operation of theirs. You’ve been buying hope in this stock since 2001. | 2008-09-30 | |
| DON'T BUY | 2.900 | Ken McCord | Has been Short but just covered. Doesn't see any good news for this company. Too dangerous to either Buy or Short. | 2008-09-18 | |
| DON'T BUY | 5.420 | Benj Gallander | On his Stock Watch list. If it can turn itself around, it has huge upside. When he buys into a company, he has to see that the people running it are really looking after costs and care about the dollars and cents for the shareholders. This one has never given him the feeling of that. | 2008-09-15 | |
| DON'T BUY | 6.080 | Norman Levine | (Market Call Minute.) Hasn’t liked the company for many years and nothing has changed his mind. | 2008-09-05 | |
| DON'T BUY | 6.140 | Peter Hodson | Company failed miserably many, many times. Kept missing numbers. Disappointed and is falling behind the product cycle. Who knows what the accounting really is. This is versus a backdrop of great, great companies that are growing fast with no debt that haven't screwed up. | 2008-08-27 | |
| WEAK BUY | 6.240 | John Zechner | Spending by their customers is slowing down. Management is doing a good job restructuring and getting the costs down. Very cheap on a valuation basis. Not the best place to be in telecoms. He has bought some recently. Expect by next year there will be a pretty good earnings turned in, probably $.60 or $.70 a share. | 2008-08-25 | |
| DON'T BUY | 6.930 | Greg A. Taylor, CFA, BBA | Doesn't find that they are the best in anything right now. Going through a big restructure. Turning over the management team and are focused on cost cutting and trying to get the margins up to industry levels. | 2008-07-22 | |
| Comment | 6.470 | Jean-Francois Tardif | Very large company and very hard to grow when you are that large. Sounds like they are actually turning the corner. Maybe now it is potentially a Buy. For him to Buy he needs to see sales growth, earnings growth and margin expansion. Lots of debt. | 2008-07-15 | |
| Comment | 7.750 | Bill Carrigan | This is a hated stock and you want to own a hated stock when it is not making new lows. Hit a higher low, which is what you want with good volume. Technically, the place to buy would be when it breaks above its June peak of about $10.50. | 2008-07-03 | |
| Comment | 8.430 | Peter Gibson | There appears to be some profit growth for the first time in years and appears to be well sourced. P/E is around the level of the market. People still have concerns on the quality of the accounting and the quality of their earnings. This is a huge question mark. Can’t imagine that it will be outperforming the market over the next year and a half. | 2008-06-27 | |
| SELL | 10.000 | Robert McWhirter | Still sceptical. Not in the top 25% of his database. Earnings growth expected to be a glacial 13%. Huge overcapacity in the industry and a lot of competition. | 2008-06-18 | |
| Comment | 8.010 | Pierre Bernard | Could be a Buy at this time, but something tells him there is more restructuring to do in that sector. Looking at a chart and its valuation, it is very attractive. | 2008-05-21 | |
| SELL | 8.330 | Paul Thornton | Strong earnings growth is projected for this company but the stock is not responding. Cannot see at recovering. | 2008-05-07 | |
| SELL | 8.580 | Michael Sprung | (Market Call Minute.) Still doesn't understand the multiples that are being attributed to this company. The competitive environment is beginning to eat away at their core. | 2008-04-30 | |
| SELL | 8.500 | Duncan Stewart | Ericsson (ERIC-Q) just reported and did better than expected. Is that a sign of life for this company? It doesn't look like it to him. One company in Germany is ripping out Nortel’s gear and replacing it from a Chinese competitor. | 2008-04-25 | |
| DON'T BUY | 6.980 | Michael Sprung | Not a good time to buy. Still selling at a fairly high multiple. The real question is their long-term sustainability in the market. They've got competition from all sides now. | 2008-04-15 | |
| BUY | 7.260 | Gavin Graham | (Market Call Minute.) Thinks management is doing a decent job but it is not affecting the share price. | 2008-04-09 | |
| HOLD | 7.900 | Don Vialoux | Very definitely in a downward trend. However, in the last 3 weeks, it has been the best performing stock on the TSX60. Up 35% in 3 weeks. If you own, continue to hold until the end of May. | 2008-04-03 | |
| DON'T BUY | 7.000 | David Burrows | The prospects for Nortel are getting worse, not better. China is producing a huge amount of competition. Fighting an uphill battle. The wrong kind of stock. | 2008-03-31 | |
| DON'T BUY | 6.650 | Norman Levine | No reason to own the stock. | 2008-03-27 | |
| VAGUE | 7.000 | Benj Gallander | Has huge upside. If they stop paying outrageous salaries and learn how to count money it would be liked. | 2008-03-25 | |
| DON'T BUY | 6.270 | Paul Harris, CFA | At this level it’s not a bargain, it’s more going down the drain. Cisco is much better at these levels. Nortel has problems increasing margins. Management having problems. | 2008-03-20 | |
| DON'T BUY | 6.880 | Laura Wallace | (Market Call Minute.) They need as strategic plan and will be very challenged over the next year. | 2008-03-12 | |
| SELL | 11.780 | David Baskin | It surprises him that people have so much interest in this stock. In a very difficult space that is highly competitive. Can't see any signs of breaking out into profitability. | 2008-02-19 | |
| PAST TOP PICK | 11.240 | David Burrows | (A Top Pick Feb 20/07. Down 69%.) He got stopped out at $29. | 2008-02-15 | |
| DON'T BUY | 10.330 | Kenneth P. Norquay, CMT | Not a chance that he would buy at these levels. The classic Canadian downtrend of all times. Never buy them when they're going down. | 2008-02-12 | |
| BUY | 11.140 | Brian Acker, CA | (Market Call Minute.) First time in 5 years that it is trading below his model price, which is $13.26. A 14% positive differential. | 2008-02-07 | |
| SELL | 12.650 | Brendan Caldwell | The ugliest chart in the free world. We just sell and then find something else. | 2008-02-01 | |
| DON'T BUY | 12.480 | Peter Hodson | They did a consolidation and it’s working its way back to its pre-consolidation price like they usually do. It won't do well until they fix some of their problems. | 2008-01-31 | |
| DON'T BUY | 12.490 | Laura Wallace | The stock is tending to go back to the price that it had before its reverse split. She is concerned about the competition in this space. Also consumer demand is expected to be lower. She is still not convinced on the accounting side. If you like this space, you would be better off in Cisco (CSCO-Q). | 2008-01-30 | |
| DON'T BUY | 12.990 | Gordon Higgins, CA, MBA, CFA | This is being a story of hope for many years, but he just can't buy into that hope. You have to believe that sales are going up and that they are going to get higher margins. | 2008-01-25 | |
| HOLD | 13.080 | Peter Hofstra | Part of the issue with them is that they really had to get their business reconciled, which meant selling off some of their potentially great future assets that were not making money. This means they will be a much slower growing company. There are probably better overall opportunities. | 2008-01-23 | |
| SELL | 13.450 | Michael Sprung | (Market Call Minute.) Valuation metrics are pretty expensive. | 2008-01-08 | |
| SELL | 16.990 | David Cockfield | Still doesn't see the company having the wherewithal to climb back into the position it once was. Doesn't think they have the research capability to match the demands that are coming out of the industry. A no growth situation. | 2007-12-07 | |
| DON'T BUY | 16.790 | David Driscoll | The good news is, they've been cutting costs. The bad news is, they've cut costs by letting people go, which is never a good sign for a company. They have a long ways to go to get up to the next generation of lifeline and ymax. | 2007-12-06 | |
| DON'T BUY | 17.950 | Paul Thornton | Appears to be picking up steam in the last 10 days. 1st time in the last year. This is during a weak stock market. Has a long history of being a weak stock in and still does not show very good profitability. Too early. | 2007-11-16 | |
| DON'T BUY | 15.720 | Michael Sprung | No plans to own it. Cant justify the price. Untill stabilized, do not invest in Nortel. | 2007-10-26 | |
| DON'T BUY | 15.520 | Brendan Caldwell | Doesn't know what will turn this stock around. | 2007-10-24 | |
| DON'T BUY | 15.710 | Peter Hofstra | He has been anti- Nortel for the last few years, but is softening his outlook. Not as negative as he was.Tough industry to be in. Believes the stock is closer to the bottom but there are better places to be. | 2007-10-16 | |
| DON'T BUY | 17.370 | Chyanne Fickes | Have questions about their basic fundamental business. When she looks at a stock, the first thing she checks is management. They actually haven't had a clean income statement for years. | 2007-10-01 | |
| DON'T BUY | 16.660 | Ron Meisels | Probably not only a $10 stock, but probably a $5 stock. | 2007-09-27 | |
| SELL | 17.490 | Jean-Francois Tardif | Not coming back anywhere close to where they were. Tremendous pressure from competitors. A lot of the good people left company. Don’t have any equity left. Wont make you rich. | 2007-09-17 | |
| SELL | 16.990 | Peter Brieger | Disgusted with company. “Wouldn’t touch with 10-foot pole.” | 2007-09-13 | |
| DON'T BUY | 18.040 | Robert Floyd | Probably hasn't quite hit the bottom yet. When stocks consolidate it tends to be a negative omen. | 2007-09-06 | |
| SELL | 18.660 | Norman Levine | Has been negative on this stock for several years. Doesn't see a single reason to own the stock until there are tangible signs that it is turning. | 2007-08-29 | |
| BUY | 19.420 | John O'Connell, CFA | Management seems to be doing all the right things. Telecom is a good space to be in. Reasonable valuation. Would Buy as a trading position for example under $20, and then sell at $26. | 2007-08-27 | |
| PAST TOP PICK | 19.140 | Bill Carrigan | (A Top Pick Sept 15/06. Down 27.5%.) Had a stop at $25. Still leery of this stock. Did very poorly in the last 2 weeks. | 2007-08-20 | |
| SELL | 19.650 | Norman Levine | He can't give an investor any reason to own this stock. A lot of promises from management, which have been ongoing for years. Until they start to show that the promises are happening he wouldn't buy. | 2007-08-15 | |
| DON'T BUY | 20.380 | David Burrows | If you are going into the space, you're much better off with Cisco (CSCI-Q). Nortel is not winning in their space. Technology shares in Canada have a bit of a head wind. | 2007-08-09 | |
| DON'T BUY | 19.870 | Jean-Francois Tardif | They continue to have awful results. Some of their costs are in Cnd$’s which is going up. Sales are barely moving up. Have lots of debt. | 2007-08-07 | |
| BUY | 23.150 | John O'Connell, CFA | They have been in a tough position of having to cut costs to stay competitive. The good news is telecommunications is a sector that is highly sought after. He expects to continue seeing rapid growth in this area. Have a lot of good technology. | 2007-07-31 | |
| BUY | 23.960 | Bill Carrigan | Likes the group. If you are going into this for a trade, try to avoid the 52-week low. You’ll probably get a bounce on this. | 2007-07-30 | |
| DON'T BUY | 24.900 | Chyanne Fickes | This is an example of a company that shouldn't really be listed. Haven't had financial statements that you can rely on. | 2007-07-05 | |
| DON'T BUY | 27.290 | Michael Sprung | Haven't owned for a long time. Many problems with their accounting systems.
Investors haven't been able to depend on the numbers they are seeing.
On the fundamentals, there are more and more strong competitors entering the market. | 2007-06-15 | |
| BUY | 27.290 | Gavin Graham | The new CEO seems to be turning things around, and are starting to win some major orders, and have sold off things which weren't making money.The margins have gone up. | 2007-06-15 | |
| TOP PICK | 26.750 | Bill Carrigan | Stop loss at $25
Tries to pick stocks that won't get trashed. NT has already been trashed. | 2007-06-13 | |
| SELL | 27.540 | Laura Wallace | Not attractive. Very expensive relative to their competitors. Sell on good news. | 2007-06-08 | |
| DON'T BUY | 28.300 | Laura Wallace | Still has some challenges. Trading at 17 X earnings, which is aggressive, as they have not delivered on earnings for the last 6-7 years. Also some question about maintaining their competitive edge in research. | 2007-05-23 | |
| DON'T BUY | 26.650 | David Burrows | We are in a bull market and Nortel is not participating. Thinks it still has problems. Would rather look at a railroad or machinery. If we go into a tougher market this will be hit harder then other. | 2007-05-16 | |
| SELL | 27.960 | Paul Gardner, CFA | Very hard to judge. Maybe they have turned things around. If it's up then sell it. | 2007-05-03 | |
| DON'T BUY | 25.320 | Peter Hofstra | Good management and they're bringing in real processes. Still not positive one at because of both the industry and Nortel's position in the industry. | 2007-04-30 | |
| Comment | 26.940 | Richard Croft | A dog's breakfast. Can you trust their financials? In a trading range and thinks it will continue to do so. | 2007-04-26 | |
| DON'T BUY | 27.000 | John Zechner | Spending in this sector seems to be decreasing. Have a lot of old legacy business that is going to slowdown. | 2007-04-25 | |
| SELL | 26.460 | Gavin Graham | Capital expenditures is being cut back and this company is at the back end of food chain. Not much upside in this. | 2007-04-23 | |
| WATCH | 27.290 | Peter Brieger | Have had ongoing disappointments. The PE ratio is horrendous at about 35 or 40 times. Prediction of good earnings next year has it on his radar screen. | 2007-04-18 | |
| SELL | 28.080 | Stephen Carlin | Not a fan. Earnings growth is not coming through. Expensive. | 2007-04-05 | |
| DON'T BUY | 28.120 | Bruce Campbell | Had a nice run-up, and then fell back on some troubles. Hard to value this one. | 2007-04-02 | |
| HOLD | 27.930 | Robert Floyd | Turnaround is taking a lot longer than anticipated. Recent guidance was weaker than expected. If you own, potential downside is probably $1-$1.50. Until there is a sense that the growth is going to look stronger, it will probably trade in this band. | 2007-03-29 | |
| DON'T BUY | 28.510 | Peter Hofstra | It is a very tough end market. Good management team. Still a lot of question marks. | 2007-03-22 | |
| DON'T BUY | 31.830 | Paul Harris, CFA | Has looked at this many times but has never owned it. It doesn't make any money. It is a company in restructuring. Their competitor, Cisco (CSCO-Q), has done a very good job making astute acquisitions and growing their businesses more effectively. | 2007-03-16 | |
| DON'T BUY | 31.750 | Laura Wallace | (Caller is shorting this company.) She finds it very hard to own a company that doesn't produce a financial statement. Thinks the stock is vulnerable. Not sure they have a full suite of products to compete. | 2007-03-14 | |
| DON'T BUY | 32.550 | Ross Healy | When it recently hit about $39, it came right up against one of his key technical break points at around 8 X Book. FMV based on this year's earnings, is about half were the stock is trading at now. Speculative. | 2007-03-07 | |
| Comment | 33.350 | Peter Brieger | The last restatement is really minuscule and he hopes it will be the last. Starting to look tempting. | 2007-03-02 | |
| Comment | 35.860 | Michael Decter | This management team seems to be turning it around. If there was a slowdown, he would worry that they would be in trouble again. Doesn't know it well enough to comment on it. | 2007-02-26 | |
| TOP PICK | 36.610 | David Burrows | In the last 2 quarters, they have become more predictable and doing what they said they were going to do. Restructuring has been working and revenues have started to grow. A play on global growth and wireless. Good price. | 2007-02-20 | |
| DON'T BUY | 35.390 | David Baskin | Has had a terrific run last week, which will undoubtedly fall off. | 2007-02-13 | |
| SELL | 33.500 | Veronika Hirsch | If you own it, take profits. Doesn't see a long-time future for them. | 2007-02-07 | |
| DON'T BUY | 31.940 | Peter Brieger | Far too expensive at 40 X estimated earnings. Would rather pay more once the earnings are there and he could see a trend. Currently it is a speculation. | 2007-02-02 | |
| DON'T BUY | 31.530 | Brian Acker, CA | His model price is $16.97. That's a negative 46% differential to the stock price. | 2007-02-01 | |
| DON'T BUY | 31.580 | Laura Wallace | Doing better and able to produce some financial statements that are reasonable. The announcements with Microsoft (MSFT-Q) are very positive. Microsoft's new upgrade will be very good for the stock, which will be good for Nortel. Feels the stock is expensive and is not confident on their financial statements. | 2007-01-31 | |
| DON'T BUY | 31.310 | John Manley | Chart shows a bit of a double top. Has a kind of a failed breakout and is pulling back and consolidating right now. The bias is to the up side. From a probability standpoint, the bias is on your side if you are Long. Wait for a pullback before buying. | 2007-01-24 | |
| Comment | 30.700 | Jim O'Shaughnessy | 2 things to watch. Look at its price to cash flow. If it's low, it is in buying territory. 2nd, how has it been doing in price appreciation? Check this out for 3, 6 and 12 month price appreciation and if it is in the top of that category, that's the time to think about buying. | 2007-01-23 | |
| WAIT | 31.840 | Robert Floyd | Good news recently with the IBM (IBM-N ) announcements, which he thought was fairly strong. Turnaround has been slow. He is waiting for the next quarterly report. Expect it will have pullback before moving higher. | 2007-01-19 | |
| DON'T BUY | 31.760 | Michael Decter | New management team seem to be very capable with lots of industry experience. Thinks investors are betting on the top line eventually increasing the bottom line. Hasn't got the stomach for this one. | 2007-01-18 | |
| DON'T BUY | 32.000 | Brian Acker, CA | His model price is $16.56. It is a mystery to him why it is doing so well. It's a -40 8% differential. | 2007-01-17 | |
| DON'T BUY | 30.980 | Steve MacInnes | Doesn't meet his financial criteria. They are still losing money. Still trying to find their way in the tech world. | 2007-01-11 | |
| DON'T BUY | 30.450 | David Baskin | Not a terribly high-growth company and will have trouble maintaining its margins. | 2007-01-10 | |
| DON'T BUY | 30.140 | Alex Ruus | Really hasn't made any money in 5 years. Encouraged by the developments going on currently. Will take longer than most people think to turn it around. | 2007-01-04 | |
| DON'T BUY | 29.900 | Robert Floyd | Turnaround is taking longer than he would have anticipated. If it gets considerably cheaper, he may take another look. | 2007-01-03 | |
| HOLD | 31.280 | Peter Brieger | Had an important win with the Verizon contract. Has done enough study on it yet, but his instinct is, if you own, Hold. On any pullback, he could be a buyer. | 2006-12-29 | |
| PAST TOP PICK | 31.340 | Gavin Graham | (A Top Pick Jan 9/06. Up 60%.) Acquired. | 2006-12-28 | |
| Comment | 31.340 | Gavin Graham | Has some nice products coming through which should give them some growth. Probably has a little upside from here. His company owns it as a trade. Not a long-term hold. | 2006-12-28 | |
| DON'T BUY | 30.940 | David Cockfield | Has had a pretty good run recently, but he is still not a fan. Multiple is still pretty incredible. Not totally out of their legal problems. Too soon. | 2006-12-27 | |
| DON'T BUY | 29.880 | Brian Acker, CA | Model price of $15.54, a 48% negative differential. | 2006-12-21 | |
| TOP PICK | 29.730 | Bill Carrigan | (A Top Pick Sept 15/06. Up 9%.) Had a double bottom with a higher low and has moved through its resistance point. Institutions will be buying it. | 2006-12-20 | |
| Comment | 28.300 | Robert Floyd | Just announced a new contract with Verizon (VZ-N). Would describe this as a slow turn. Trying to streamline the organization and have had some asset sales. | 2006-12-19 | |
| DON'T BUY | 25.760 | John Zechner | Management has a good plan, but they have to get some growth, CDMA products have to stay in the key of the market for a while, customers are consolidating and spending less, etc. | 2006-12-12 | |
| DON'T BUY | 26.140 | Brad Willock | Starting to get more interested in this. Stock has gone sideways since June. Did some cost cutting and have sold some product lines. It’s an industry that is consolidating, so the prospect that they could be a acquisition target is out there. Still need to improve. | 2006-12-11 | |
| Comment | 25.620 | Gavin Graham | Turning around. Sold off some of their businesses and are winning some contracts. Treating as a trade, you might make some decent money on it. If you’ve held it for a while, consider selling as a tax loss and then buying it back in 30 days. | 2006-12-07 | |
Experts that have talked about Nortel
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