Salut Claude,
Mr. Bradley invite le monde … la prudence.
T:NT NP says Bradley recommends selling Nortel
Nortel Networks Corp NT
Shares issued 1,354,467,391 Jun 2 close $89.00
Mon 5 Jun 2000 T:NT In the News
The National Post reports in its Saturday, June 3, edition that Maison
Placements Canada stock salesperson, Rolie Bradley, says investors should opt
for higher cash holdings because the market as a whole is likely to weaken given
the possibility of further rate hikes. The National Post's Sonita Horvitch
writes that Mr. Bradley says, "Cash is king, as there are so few areas of the
market that offer capital protection." He characterizes the United States
economy as "a raging bull," that Allan Greenspan, chairman of the U.S. Federal
Reserve, is having a tough time reigning in, despite the series of Fed interest
rate hikes. For some time now, Mr. Bradley has been a seller of some high
profile Canadian tech names. His sell list includes Nortel Networks, which
closed recently at $85.50 and has a 52-week trading range of $105.68 and $26.64.
Mr. Bradley recommends selling the stock because it "trades at around 80 times
this year's earnings estimates."
Dir's: Blanchard James J, Carlucci Frank Charles, Currie Richard J, Fortier L
Yves, Ingram Robert, Monty Jean C, Pilkington Anthony, Roth John Andrew, Saucier
Guylaine, Smith Sherwood Hubbard Jr, Wilson Lynton Ronald
(c) Copyright 2000 Canjex Publishing Ltd.
Jun-05-2000 11:03 GMT
Symbols:
CA;NT US;NT DE;NTL DE;NTLF DE;NTLX
Source CSN Canada Stockwatch News
Categories:
CSN/EAST
Pallmer |
