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<p>[QUOTE=&quot;medoraman, post: 1282953, member: 26302&quot;]I do not know about Nortel specifically, and stay away from foreign stocks with government intervention just for that reason. I was simply talking generically as to the nature of a value stock since Collect1966 was talking about growth and value in the same sentence.</p><p><br /></p><p>I agree those things you mention can make it harder, but still having low debt and free cash flow can be seen from Financials, and these are something unaffected by government interventions. I still contend most troubled companies can be seen a mile away if one looks at debt levels, opacity of operations, and other tell tale signs. I can honestly state, (unless unknown to me in a mutual fund), I never invested in a dot com stock, or Enron type opaque business model firms. I wish to clearly see how a firm makes money before I think of investing.</p><p><br /></p><p>Too many investors look at stock prices, price charts, &quot;resistance levels&quot; and the like, and never just sit down and understand the business, how they make money, and what their books look like. To me this is the beginning, before anything fancier can be thought of. I know I am old fashioned in this regard. Similar thought processes are what led me to the conclusion PM and farmland was undervalued when I bought. I simply like buying decent, desirable assets for less than they will eventually be worth.</p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>

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