the Wealthy Canadian

Mark Evans, on his blog All About Nortel, reprints an excellent report by NT analyst, Tom Astle.

Mr Astle reflects on the lessons that he has learned from his coverage of NT over the span of 15 years.

Capital structure is key, he says, knowing how to generate cash and raise money.  He mentions that many successful competitors raised equity money when equity prices were high, not when they needed it (after equity prices dropped).  I would add in that knowing how not to squander cash is also important.  The example that comes to mind is the announcement to buy Clarify for US$2.1 Billion and the eventual sale for US$200 Million