Mostly: Classical

[Sexton O Blake]

Nortel and the RSP Foreign Holdings Cap Removal

Was wondering if anyone here (Canuckies and or Canuckie Daves) had any thoughts on Nortel in the next few weeks.. months..

For me the stand has been - hold the underwater Canadian junk in the RSP because it helps with the foreign book value. So someone buying NT at $100, would hold it because the book was still at the $100 mark.

So if the foreign holdings cap is removed, I am wondering how that will play out. One spin would be another run to $5 or $10 might cause people to start dumping it.

Interesting. Being one of Canadian's top holdings.

(What was that Frank? We love our Hockey, Nortel and Gov't Health plans?)

Not that I am interested in Nortel per se, but just find the whole thing interesting.

The only otherside of the coin is - most Canucks will hold until they break even. I wonder how many take overs that will be?

B