$4.49 Billion Dollars in revenues gained in 2009 for the first three quarters in 2009 with an earnings per share EPS @ $5.00 per share.
Info located at: www.nasdaq.com, type in stock symbol NRTLQ, click on summary quotes, then click on EARNINGS P/S.
Nortel Networks Turns To Profit in Q4, 2009:
Nortel Networks Corp. (NRTLQ.PK) reported net earnings of $1.7 Billion or $3.34 per share for the fourth quarter, compared to a net loss of $2.14 billion or $4.28 per share in the fourth quarter of 2008.
Revenue for the quarter declined to $794 million from $2.07 billion in the year-ago quarter. I found this info on: www.nasdaq.com and clicked on the latest financial news.
With these type of strong numbers Nortel Networks shares should be selling at about at a minimum $3.34 to $5.00 dollars per share. Once they emerge from bankruptcy, new cusip number and shares look to be 1 for your 1 share. I have seen less stronger institutions swap 1 for 1 shares once they've emerged from chapter 11 bankruptcy relief. These financial reports makes this an incredibly awesome opportunity. Do your own DD and research before you decide to buy more shares in Nortel Networks.
Look at this: Coca-Cola Company(K0) currently has $3.05 Earnings Per Share to Date, can you imagine that??? Coca-Cola's stock, share price as of today closed at $53.95 dollars per share.
Nortel Networks reported Earnings per share in the fourth quarter 2009 at $3.34 per share. Higher than Coca-Cola Company. WOW, can you imagine what our shares will be worth when we emerge from chapter 11 bankruptcy relief...
