For the shell-shocked Nortel shareholder, black humour seems to be the only consolation these days. In a period of about six months, we ve seen the humbling of a giant. John Roth, once lionized in the press is now brickbatted daily. Those whom the gods would destroy, they first make CEO of Nortel.
Investors hate surprises and they reacted by frying the stock.
His actions since then haven t made things any better. First, Roth made a tactical blunder by dressing down the media for negative coverage. For a CEO whose credibility is frankly in the toilet, this was a move that s plain amateurish. Stingy Investing Stock Mortality Norman Rothery Stocks can disappear by going bankrupt or by being bought out. In this article I look at the probability of such events and review a few ways to profit from them.