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Nortel stock degraded to junk status

redeyes

TRIBE Member
i'm waiting for it to become a penny stock. if you bought puts in nortel, you would be very rich.

peace
 

Gizmo

TRIBE Member
Moody's downgraded Nortel debt to BB (low)
That just raises their cost of getting funded or borrowing money.

The downgrade was expected and the company has made arrangements that factor this in.

Still, the stock is a piece of shit.
 

redeyes

TRIBE Member
Originally posted by Gizmo
Moody's downgraded Nortel debt to BB (low)
That just raises their cost of getting funded or borrowing money.

:eek: :eek: looks things got just a little worse for norsmell.

peace
 
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