Nortel is expected to post a third-quarter profit of 1 cent a share, compared with a loss of 1 cent a year ago.
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Look at cash, less what was liquidated and printed, R&D/SGA costs, cash from operations, margins, etc., i.e. show me the money
Investigate the details if you can. It will take time to sift through them you can bet. Just check out their most recent 8-K Nortel concerning Felxtronics. Some transparency.
Remember how Q205 raised the stock up to $3.50 levels? Q105 played musical chairs with product headings. Q404 optimism contradicted, and as for following periods, well… you know… revised.
Anything can be announced tomorrow and will! LOL
The more desperate they get, the greater the gravity later it seems.
…and what if they did not revise, would they have seen a profit last quarter or had any money to move into this? LOL
I do not anticipate a pleasant inevitable outcome.
This stock is a joke. Anyone still waiting for some kind of turnaround in this linear death spiral will be sadly dissapointed. Otherwise, count on them excersicing no guarantees again. We see what their business is.