Canadian-under $3.00 Stock-Picking Challenge Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Canadian-under $3.00 Stock-Picking Challenge

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: MrsNose who wrote (10227)	11/27/2002 9:20:41 AM
From: Al Collard	of 11802

NT-t...in the news: Globe says Desjardins Securities puts Nortel on "hold" Wed 27 Nov 2002 The Globe and Mail reports in its Wednesday, Nov. 27, edition that ending a four-session rally Nortel Networks Tuesday slipped 16 cents to finish trading at $2.75 on the Toronto Stock Exchange. The Globe's Market Movers column reports that Desjardins Securities cut Nortel stock to a "hold" from a "buy" Tuesday because the shares have already surged past the brokerage's stock price target in the month since it raised it to a "buy." Analyst Paul Howbold said, "The rapid rise in the share price has prompted concerns over valuation and investor expectations." Although capital spending by phone companies appears to have stabilized, Mr. Howbold said he thinks investors seem to expect spending to grow next year. He said he does not see "sustained" capital spending growth until 2004. He also said investors appear to have an "overly benign outlook" on Nortel's underfinanced defined benefit pension plan. About 97 million Nortel shares changed hands on the TSX Tuesday.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next