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Nervous markets await NvidiaThere are three reasons it is trading below the offer price. You have a time value until it closes; there is the uncertainty of the regulators (3 have to approve this); and it is based on where BCE-T is trading when the deal closes, so you may not get the $40 offer price. He would sell it and let someone else have the uncertainty.
There is thinking that this will eventually get swallowed up by one of the larger telcos. The new management has done a fairly good job of restructuring and cutting costs. While you are waiting for it to be taken over, it has a decent dividend, and she doesn’t see anything negative on the horizon. It should do okay in a volatile market.
Because he considers this to be a utility stock, utility stocks normally do very well in the summertime. Technically it looks very good. Recently broke to a new high. It’s in an upward trend and is outperforming the Canadian market and is above its 20 day moving average. RSIs are positive. A very attractive situation.
Dividend is probably more stable now that they are offloading their Allstream division. One of the problems is that they are keeping a fair amount of the pension liability on their books, even after the sale. Not a bad company, post this divestiture. Good yield which he thinks is safe. A good valuation on EBITDA.
Manitoba Telecom Services is a OTC stock, trading under the symbol MBT-T on the (). It is usually referred to as or MBT-T
In the last year, there was no coverage of Manitoba Telecom Services published on Stockchase.
Manitoba Telecom Services was recommended as a Top Pick by on . Read the latest stock experts ratings for Manitoba Telecom Services.
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0 stock analysts on Stockchase covered Manitoba Telecom Services In the last year. It is a trending stock that is worth watching.
On , Manitoba Telecom Services (MBT-T) stock closed at a price of $.