A couple of things tonight to note...Stelco shares jumped 16%, from 13 cents to 16 cents, probably on the pending news of the restructuring plan being voted down...on that note, Stelco lost $42 million this quarter. Keep in mind that even when they come out of restructuring, the price of steel won't be able to sustain Stelco's proposed restructure. Look for losses for quarters to come, until there are some concessions from the union.
Nortel is down a bit...it will bounce back...
10 November 2005
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