Manitoba Telecom Services (MBT.TO) Buy, Sell…

Manitoba Telecom Services (MBT.TO)

0.00

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48 watching

HOLD

Feels dividend is quite safe and hopes they will re-introduce part of it. Fibre optics part of their business is finally ticking over. Great takeover candidate.

HOLD

Cut their dividend 25%, which was good. Since then they have demonstrated they are doing the right things. Redoing the client book on Allstream and getting into higher margin products. Looking for them to be free cash flow positive in 2012 and possible start moving the dividend up gradually in 2013.

PAST TOP PICK

(A Top Pick March 19/10. Up 0.45%.) They cut the dividend, the stock sold off and he bought some more.

PAST TOP PICK

(A Top Pick April 6/10. Down 0.27%.) Had a problem when the dividends were cut. Chart doesn’t look good so he would avoid.

PAST TOP PICK

(Top Pick Apr 6/10, Down 1.16%)

SELL

His least favourite telecom. Was the last one to move. Finally had a little blip up and expects that will be it. Will still be a laggard. If you are holding for the 5.5% dividend, you would be safer with BCE (BCE-T). (See Top Picks.)

TOP PICK

Analysts earnings estimates kept going down but then just recently the analysts suddenly became more positive. Earnings forecasts are changing. On a long term perspective, stock is cheap and has decent upside potential. 6% yield.

COMMENT

Basically a widows and orphans’ stock if you want to earn 6% in a company that is well run with good assets. Good fibre optics business.

DON'T BUY

Has had some trouble over the years. Was over distributing their dividend yields. On an absolute basis, it is not the one he would recommend – prefers Telus.

DON'T BUY

Drastically cut their dividend but the payout is still relatively high at $.170 on $2 earnings. Depending on the Allstream division to come to the fore. Allstream is great at making progress but is still cash flow negative and will be until 2012-2013.

BUY

His partner was at their investor day. It is a great stock. Came down a lot. They cut their dividend. Not a lot of growth in the next couple of years. Holding in income portfolios. Any takeover happens after another telecom.

SELL

Facing significant competition in pricing on the wireless side. Can’t see much growth potential. Good yield of 5.7% but can’t see anything else going for it. Better choices out there.

BUY ON WEAKNESS

It was one that he was concerned about and looking for a dividend cut. Now that it is behind them, you saw the market react positively. But where is future growth going to come from? Overall it is a comfortable yield (5.7%) and is a good yield. Does not anticipate another dividend cut unless earnings fall down. A safe harbour.

HOLD

(Market Call Minute.) Having cut their distribution, they are probably now a hold for yield only as payout is still relatively high

DON'T BUY

The dividend was not really safe, so he sold it. Core business is ok, but Allstream is their problem child and why they cut the dividend. It may be rebounding because it got so low that people may think it looks attractive.

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Manitoba Telecom Services (MBT.TO)