MarvinMBA

Nortel's Stock Price Is Irrelevant

Nortels problems seemed to all come with the faulty financial statements some time back that resulted in lawsuits and major fines and paybacks to the injured stockholders. Part of the problem can be attributed to management spending a great deal of time re-doing past financial statements and taken up with the Lawyers trying to defend themselves and the company as well as many management changes. NORTEL WAS NOT AND HAS NOT PAID ATTENTION TO BUSINESS and it missed many many opportunities. Management and the Board of Directors have NOT BEEN WATCHING THE STORE for some time now. In my opinion WHY SHOULD A INVESTOR TRUST NORTEL TO DO THE RIGHT THING??? They screwed up so badly in the past that integrity has been destroyed in my opinion...MarvinMBA