Manitoba Telecom Services

MBT-T

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Analysis and Opinions about MBT-T

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COMMENT
COMMENT
February 14, 2017

Being acquired by Bell Canada (BCE-T). Accept the offer or just take the cash? You might as well wait for the tender offer and get the full price. If you already own BCE, you may not want to take shares, but take the cash instead. At current levels with a 5% yield, BCE is decent.

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Being acquired by Bell Canada (BCE-T). Accept the offer or just take the cash? You might as well wait for the tender offer and get the full price. If you already own BCE, you may not want to take shares, but take the cash instead. At current levels with a 5% yield, BCE is decent.

COMMENT
COMMENT
January 6, 2017

Bell (BCE-T) is offering $40, but this is currently trading on the market for about $38. This is a good company at a good price, and he hopes that they hold out to get a little bit higher.

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Bell (BCE-T) is offering $40, but this is currently trading on the market for about $38. This is a good company at a good price, and he hopes that they hold out to get a little bit higher.

HOLD
HOLD
October 26, 2016

Trading at a bit of discount to what BCE had offered for the company. Expects there will be more and more consolidation in this industry. He doesn’t think there is a lot of risk to the deal not being approved.

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Trading at a bit of discount to what BCE had offered for the company. Expects there will be more and more consolidation in this industry. He doesn’t think there is a lot of risk to the deal not being approved.

COMMENT
COMMENT
September 15, 2016

This got bought by Bell Canada (BCE-T), but it wasn’t a great company as they had a lot of issues. If they had stayed on that path, they would have probably had to cut their dividends. Keep the Bell shares, as it is a great company, has a great dividend and continues to perform well.

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This got bought by Bell Canada (BCE-T), but it wasn’t a great company as they had a lot of issues. If they had stayed on that path, they would have probably had to cut their dividends. Keep the Bell shares, as it is a great company, has a great dividend and continues to perform well.

SELL
SELL
June 14, 2016

This is being taken out by BCE (BCE-T), and if you own, you might as well sell at this point.

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This is being taken out by BCE (BCE-T), and if you own, you might as well sell at this point.

HOLD
HOLD
May 4, 2016

The dividend should be paid until the deal closes. It looks like the deal is accretive to BCE-T. It has been incredibly well managed.

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The dividend should be paid until the deal closes. It looks like the deal is accretive to BCE-T. It has been incredibly well managed.

SELL
SELL
May 2, 2016

There 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.

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There 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.

COMMENT
COMMENT
April 18, 2016

A really good space to be in. Thinks it has surprised a lot of people. From a technical basis he has a $55 target. Has been pretty volatile as they have worked through some earnings. Ranks really well.

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A really good space to be in. Thinks it has surprised a lot of people. From a technical basis he has a $55 target. Has been pretty volatile as they have worked through some earnings. Ranks really well.

COMMENT
COMMENT
February 25, 2016

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.

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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.

HOLD
HOLD
February 12, 2016

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.

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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.

COMMENT
COMMENT
November 25, 2015

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.

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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.

DON'T BUY
DON'T BUY
November 18, 2015

He would buy one of the other large telcos instead. This one is a very constrained company, and it is very hard to see how it is going to grow. You are going to do better with Bell (BCE-T), Telus (T-T) or Shaw (SJR.B-T).

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He would buy one of the other large telcos instead. This one is a very constrained company, and it is very hard to see how it is going to grow. You are going to do better with Bell (BCE-T), Telus (T-T) or Shaw (SJR.B-T).

WATCH
WATCH
October 8, 2015

The dividend is safe because they just cut it. It is still at a high payout ratio. Allstream is for sale, but they have to find a buyer. If they get rid of it, then the remaining company will probably get taken out.

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The dividend is safe because they just cut it. It is still at a high payout ratio. Allstream is for sale, but they have to find a buyer. If they get rid of it, then the remaining company will probably get taken out.

COMMENT
COMMENT
September 22, 2015

Has cut its dividend about 2 or 3 times since it went public, so it is a company that is not growing. It’s doing its best to maintain its share in Manitoba. A cheap stock, but it wouldn’t fit his metrics for a quality growing dividend.

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Has cut its dividend about 2 or 3 times since it went public, so it is a company that is not growing. It’s doing its best to maintain its share in Manitoba. A cheap stock, but it wouldn’t fit his metrics for a quality growing dividend.

COMMENT
COMMENT
September 21, 2015

He is not sure BCE-T would take them over. He thinks what is happening with Allstream is baked into the price.

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He is not sure BCE-T would take them over. He thinks what is happening with Allstream is baked into the price.

COMMENT
COMMENT
September 4, 2015

Owns this, but also owns BCE (BCE-T) and Telus (T-T). This one is a little tricky. It has been the most volatile of the telecoms. If you are looking for a long-term, solid telecom, he would buy BCE. It is less volatile and he thinks there could be another dividend increase in the next little while.

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Owns this, but also owns BCE (BCE-T) and Telus (T-T). This one is a little tricky. It has been the most volatile of the telecoms. If you are looking for a long-term, solid telecom, he would buy BCE. It is less volatile and he thinks there could be another dividend increase in the next little while.

HOLD
HOLD
September 2, 2015

The telecom sector has been in a consolidation process for a while, and he thinks it will continue. Cable companies and telephone companies are going to be gobbled up. There is going to be competitive pressures. Dividend yield of 4.5%.

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The telecom sector has been in a consolidation process for a while, and he thinks it will continue. Cable companies and telephone companies are going to be gobbled up. There is going to be competitive pressures. Dividend yield of 4.5%.

HOLD
HOLD
June 26, 2015

The dividend cut was a sensible thing. He bought some shares when it bottomed this spring. It is more of a hold here. It reacts to short swings. Tuck it away. It is at the upper end of its price range. Buy it under $26.

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The dividend cut was a sensible thing. He bought some shares when it bottomed this spring. It is more of a hold here. It reacts to short swings. Tuck it away. It is at the upper end of its price range. Buy it under $26.

HOLD
HOLD
May 25, 2015

It has always been speculated to spin out All Stream. That and the pension was a large overhang. The pension is looking better, but they were unsuccessful in selling All Stream to date. You would have to get it dealt with for it to be a buy for him, but he would understand why someone would hold this.

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It has always been speculated to spin out All Stream. That and the pension was a large overhang. The pension is looking better, but they were unsuccessful in selling All Stream to date. You would have to get it dealt with for it to be a buy for him, but he would understand why someone would hold this.

COMMENT
COMMENT
May 8, 2015

The stock broke down through some pretty important technical support at 2X BV and hasn’t yet met its downside target of about $21-$22. Earnings forecasts are trending lower. Dividends are still very high relative to their earnings.

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The stock broke down through some pretty important technical support at 2X BV and hasn’t yet met its downside target of about $21-$22. Earnings forecasts are trending lower. Dividends are still very high relative to their earnings.

COMMENT
COMMENT
April 10, 2015

Has been quite concerned about this. Has been selling his holdings and taking losses lately. He is worried about the dividend. The new president has said they are doing an internal review to see if they can really afford the dividend.

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Has been quite concerned about this. Has been selling his holdings and taking losses lately. He is worried about the dividend. The new president has said they are doing an internal review to see if they can really afford the dividend.

DON'T BUY
DON'T BUY
February 26, 2015

Yield of about 6.8%, but it is questionable if they can maintain it. They could possibly cut it again. This could be a take out candidate some day, but on the acquirer’s calendar, not Manitoba Telecom’s.

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Yield of about 6.8%, but it is questionable if they can maintain it. They could possibly cut it again. This could be a take out candidate some day, but on the acquirer’s calendar, not Manitoba Telecom’s.

DON'T BUY
DON'T BUY
February 13, 2015

More of a defensive stock and you tend to see them do well more towards the late summer period. Investors will want to go towards the higher yielding equities and stocks like this can to do well in the last half of the year. Between now and May, this company tends to underperform the market.

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More of a defensive stock and you tend to see them do well more towards the late summer period. Investors will want to go towards the higher yielding equities and stocks like this can to do well in the last half of the year. Between now and May, this company tends to underperform the market.

COMMENT
COMMENT
February 6, 2015

New CEO who has a lot of experience in many different industries. They are going through a review and will have to make a decision on their dividend. The payout for a telco is too high. They also have Allstream that they have tried to sell. They could sell off the growth aspects and keep the more mature business division. There could be a 25%-30% dividend cut. He would not own the stock. If you own, wait until there is a dividend cut, and if it is enough, that would be an opportunity to either add to your position or get into the name.

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New CEO who has a lot of experience in many different industries. They are going through a review and will have to make a decision on their dividend. The payout for a telco is too high. They also have Allstream that they have tried to sell. They could sell off the growth aspects and keep the more mature business division. There could be a 25%-30% dividend cut. He would not own the stock. If you own, wait until there is a dividend cut, and if it is enough, that would be an opportunity to either add to your position or get into the name.

DON'T BUY
DON'T BUY
January 30, 2015

Thinks Allstream has been weighing on them. Their best opportunity is to try and find a way to divest it and focus on core operations, and ultimately preserve their dividends. He estimates the 2015 payout ratio to be at 104%. You will get paid your dividend this year, but he is not so sure of the strength of the market over the next year. He wouldn’t be putting new money into this yet.

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Thinks Allstream has been weighing on them. Their best opportunity is to try and find a way to divest it and focus on core operations, and ultimately preserve their dividends. He estimates the 2015 payout ratio to be at 104%. You will get paid your dividend this year, but he is not so sure of the strength of the market over the next year. He wouldn’t be putting new money into this yet.

COMMENT
COMMENT
January 8, 2015

The last couple of years, this stock has really done nothing. Has been in the current trading area for quite a long time. It has a new upside target in the mid-$40. If you own, and are looking for a better place, look to Telus (T-T) or BCE (BCE-T).

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The last couple of years, this stock has really done nothing. Has been in the current trading area for quite a long time. It has a new upside target in the mid-$40. If you own, and are looking for a better place, look to Telus (T-T) or BCE (BCE-T).

COMMENT
COMMENT
December 31, 2014

Technicals on this company are not great. Chart shows a long period of a downward trend followed by a short downward trend. Seasonally this usually does well from about May right through until October of each year.

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Technicals on this company are not great. Chart shows a long period of a downward trend followed by a short downward trend. Seasonally this usually does well from about May right through until October of each year.

DON'T BUY
DON'T BUY
December 17, 2014

Everybody thought this was going to be a takeover target and there was going to be a huge amount of value released. That turned out not to be the case. He would go with the big ones rather than this one. The breakup value might be $40, but it is not going to be broken up.

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Everybody thought this was going to be a takeover target and there was going to be a huge amount of value released. That turned out not to be the case. He would go with the big ones rather than this one. The breakup value might be $40, but it is not going to be broken up.

SELL
SELL
December 11, 2014

You probably want to put your money somewhere else. They used to think it would be bought out, but there are all kinds of regulatory rules that will prevent it. He would move the capital into oil and gas stocks that have been beaten up.

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You probably want to put your money somewhere else. They used to think it would be bought out, but there are all kinds of regulatory rules that will prevent it. He would move the capital into oil and gas stocks that have been beaten up.

COMMENT
COMMENT
December 9, 2014

Had benefited from being a rich dividend provider. The problem is, it just doesn’t have any growth. Going forward, you are probably going to get a good dividend, but with no growth. There is no room for them to grow. They are sort of landlocked. If you are happy with the dividend, you can continue to Hold it.

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Had benefited from being a rich dividend provider. The problem is, it just doesn’t have any growth. Going forward, you are probably going to get a good dividend, but with no growth. There is no room for them to grow. They are sort of landlocked. If you are happy with the dividend, you can continue to Hold it.

HOLD
HOLD
November 28, 2014

Always seems to give a lot more promise that it doesn’t quite deliver. Had a downtrend from mid-2013, and he would like to see it get above $30 with a little bit of conviction. 5.9% dividend yield.

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Always seems to give a lot more promise that it doesn’t quite deliver. Had a downtrend from mid-2013, and he would like to see it get above $30 with a little bit of conviction. 5.9% dividend yield.

DON'T BUY
DON'T BUY
September 29, 2014

It is a potential takeover target, but he does not buy a stock just because of that. They have been trying to sell Allstream for years. BCE-T or even T-T would be preferred.

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It is a potential takeover target, but he does not buy a stock just because of that. They have been trying to sell Allstream for years. BCE-T or even T-T would be preferred.

DON'T BUY
DON'T BUY
September 15, 2014

Telecoms can do quite well during this time of year. However, the chart on this one is not showing the favourable tendencies of some of the others. It is breaking down. The period of seasonal strength ends around December.

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Telecoms can do quite well during this time of year. However, the chart on this one is not showing the favourable tendencies of some of the others. It is breaking down. The period of seasonal strength ends around December.

DON'T BUY
DON'T BUY
September 9, 2014

Not interested in this. Doesn’t see any growth so she doesn’t know why anybody would want to buy it. If you want yield, then buy a pipeline, Canadian bank or an insurance company.

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Not interested in this. Doesn’t see any growth so she doesn’t know why anybody would want to buy it. If you want yield, then buy a pipeline, Canadian bank or an insurance company.

COMMENT
COMMENT
September 4, 2014

Punished by the federal government by being prevented from selling their Internet division and then got blocked from bidding on the Spectrum auction. Core operations are okay, but not a lot of dividend growth. He would prefer Telus (T-T) or Bell Canada (BCE-T).

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Punished by the federal government by being prevented from selling their Internet division and then got blocked from bidding on the Spectrum auction. Core operations are okay, but not a lot of dividend growth. He would prefer Telus (T-T) or Bell Canada (BCE-T).

COMMENT
COMMENT
August 25, 2014

A well-run company, but isn’t going anywhere fast. 5.5% dividend yield.

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A well-run company, but isn’t going anywhere fast. 5.5% dividend yield.