Nortel Networks (NT) 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.

Technology Stocks : Nortel Networks (NT)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: John J H Kim who wrote (13772)	3/16/2004 10:12:54 AM
From: Elroy	Read Replies (1) of 14638

You've got a point. But where were these analysts back in Oct when the company announced the restatements? Is it not their job to Analyze the company they are covering? Shouldn't they get in FRONT of these events? To know that a company and its auditor screwed up in their accounting process requires the analyst to essentially be involved in the process, which they are not. That's like asking the guys who handicap sports in Vegas to know which athletes are going to try to throw a game. The only ones who know there is something screwy going on are the guys involved. And they seem to be getting paid leave at the moment..... It's always easy to downgrade after a decline like this. It's the SAFE thing to do. No, I don't think the downgrades have anything to do with the share price decline, and everything to do with improper accounting. Like I said, the analyst probably developed a positive view using the past financial statements (among other things). When the statements are declared invalid, the view should go to "I have pretty much no idea about this stock", which translates into a Sell or Neutral rating, certainly not a Buy. Elroy

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next