Can someone explain to me the insane discount of Nortel? A recent very clear research done by Raymond James shows that TEO has a 50% discount over its Lat Am peers. Also if you do the math, NTL holdings of TEO makes NTL NAV amount to almost 20 per share! compared to today's market price of 10..... So if NTL has a discount over its NAV of 50% and in turn TEO is 50% cheaper than peers....THEN NTL IS WORTH ONLY 25% WHAT IT SHOULD BE!. I know all this sutff about lack of liquidity but iliquidity can not account for such a huge discount.