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URL:
https://boards.fool.com/nt-looks-like-a-very-high-risk-candidate-to-me-20727248.aspx
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| Subject: Re: Nortel Networks (NT) | Date: 5/5/2004 1:49 AM | |
| Author: MoeBruin | Number: 1307 of 42393 | |
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NT looks like a very high risk candidate to me. Last week they fired the three top executives in the company including the CEO. This was due to a SEC investigation into accounting irregaularities at the company. The company also announced that they are going to have to restate earnings for the second time in seven months. Of course these announcements started a bombardment of class action suits. So the stock may be beaten down but it looks like a company with lots of problems. Moe |
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