Financial analyst sets Nortel stock price target at $0. Ouch

Opinion
Nov 14, 20081 min

Nortel has been second-guessed and criticized and analyzed all week, ever since announcing that it would lay off 1,300 employees and four executives and reorganize into autonomous business units. Now, a financial analyst has taken things a step further, setting his price target for Nortel stock at zero. Brad Reese has details.