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Technology Stocks : Nortel Networks (NT)
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To: Cooters who wrote (14358)1/13/2005 12:30:50 PM
From: Qualified Opinion   of 14638
 
Cooters, the cost cutting plan should be completed by June. Therefore, I'm holding out for a higher stock price based on forecasted real cash earnings growth for 2005 and 2006. Furthermore, analysts are forecasting revenue growth of 5% or more for this year and next year. Another driver could be some significant contract wins like Comcast. I am trading some additional shares. I'm balanced by holding a substantial cash position. I'm waiting for a number of stocks to correct.
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