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Technology Stocks : Nortel Networks (NT)

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To: jack bittner who wrote (7679)10/27/2000 12:58:04 AM
From: Andy Thomas  Read Replies (1) of 14638
 
according to my calculations, the p/b is around 5.7.

this is low by the market's standards but high by my standards.

there is no dividend either.

i like stocks with p/b ratios of 1 or less which pay a dividend. in my opinion, outside of reits these are few and far between in today's market.

a lot of nt's assets appear to be long and short-term securities as well. it appears there aren't a lot of fixed assets there.

is this the 'new economy,' or 'ho ho ho?'

andy
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