Manitoba Telecom Services

MBT-T

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0.00 (0.00%)
This company is not ACTIVE.

Analysis and Opinions about MBT-T

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
May 13, 2010
Majority of business is in Manitoba. Core operation delivers quite healthy EBITDA in the 46%-40% range. Assets acquired from Allstream are not delivering. Primary benefit from this acquisition was tax pools. Market expects a cut in dividend.
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Majority of business is in Manitoba. Core operation delivers quite healthy EBITDA in the 46%-40% range. Assets acquired from Allstream are not delivering. Primary benefit from this acquisition was tax pools. Market expects a cut in dividend.
DON'T BUY
DON'T BUY
May 10, 2010
Of all the telcos in Canada, they had the worst quarter. They're not earning their dividend right now. No longer a takeover target and their franchise value is stable to declining.
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Of all the telcos in Canada, they had the worst quarter. They're not earning their dividend right now. No longer a takeover target and their franchise value is stable to declining.
VAGUE
VAGUE
April 26, 2010
Sustainable dividend. Not much growth and problems growing corporate side of business. It is trading off its yield.
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Sustainable dividend. Not much growth and problems growing corporate side of business. It is trading off its yield.
HOLD
HOLD
April 20, 2010
Good yield, but there is a chance they will cut it in the next couple of years. Thinks they will get merged at some point in the future.
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Good yield, but there is a chance they will cut it in the next couple of years. Thinks they will get merged at some point in the future.
HOLD
HOLD
April 7, 2010
Gives you a consistent dividend but not a rise in the dividend and the stock price has not been doing very well because there is less growth than its competitors. Management has said they are going to do everything they can to support the dividend over time.
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Gives you a consistent dividend but not a rise in the dividend and the stock price has not been doing very well because there is less growth than its competitors. Management has said they are going to do everything they can to support the dividend over time.
TOP PICK
TOP PICK
April 6, 2010
Chart shows it trading at the bottom of a fairly horizontal range. His exit price would be below $31. 8% dividend yield. Doesn't own but will probably buy over the next 2-3 months.
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Chart shows it trading at the bottom of a fairly horizontal range. His exit price would be below $31. 8% dividend yield. Doesn't own but will probably buy over the next 2-3 months.
SELL
SELL
March 25, 2010
Low growth and high dividend yield in a difficult industry. Borrowing to pay the dividend is not a great model. Recently forced to pay $100 million into an under funded pension but are appealing it. Yielding about 8%.
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Low growth and high dividend yield in a difficult industry. Borrowing to pay the dividend is not a great model. Recently forced to pay $100 million into an under funded pension but are appealing it. Yielding about 8%.
TOP PICK
TOP PICK
March 19, 2010
A risk with this is that the 8.25% dividend will be cut but this may be built into the stock price. Have Allstream, which may be a bit of an anchor around their necks but they seem to be getting more active in Toronto. He could see them selling Allstream.
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A risk with this is that the 8.25% dividend will be cut but this may be built into the stock price. Have Allstream, which may be a bit of an anchor around their necks but they seem to be getting more active in Toronto. He could see them selling Allstream.
BUY
BUY
March 3, 2010
(Market Call Minute) Good dividend for a conservative investor.
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(Market Call Minute) Good dividend for a conservative investor.
DON'T BUY
DON'T BUY
February 19, 2010
Pays a pretty good yield, but they aren’t earning it. People would want to own this because they think it would get bought. Ultimately it probably will. It’s a company in decline.
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Pays a pretty good yield, but they aren’t earning it. People would want to own this because they think it would get bought. Ultimately it probably will. It’s a company in decline.
DON'T BUY
DON'T BUY
February 17, 2010
Sold it when management lowered guidance. Very slow growing, stable business. The Allstream business is loosing money. If things don’t change before the end of the year they have to review the dividends.
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Sold it when management lowered guidance. Very slow growing, stable business. The Allstream business is loosing money. If things don’t change before the end of the year they have to review the dividends.
COMMENT
COMMENT
January 27, 2010
Dividend is relatively secure. Not expecting a lot from them from a capital point of view. Growth prospects are limited. If you are just buying it for the yield, it is pretty safe.
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Dividend is relatively secure. Not expecting a lot from them from a capital point of view. Growth prospects are limited. If you are just buying it for the yield, it is pretty safe.
DON'T BUY
DON'T BUY
January 8, 2010
7.6% yield is sustainable for the next year and possibly the next 2 years. Very little growth.
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7.6% yield is sustainable for the next year and possibly the next 2 years. Very little growth.
DON'T BUY
DON'T BUY
December 23, 2009
“Manitoba Telecom (MBT-T) or Crescent Point (CPG-T) for dividend and safety?” From a pure safety point of view, you are always better off with a telecom than an oil company however there is a chance Manitoba Tel may have to cut their dividend depending of what they do on the wireless side. Not generating very much earnings growth. To be really safe he would select Telus (T-T) or BCE (BCE-T).
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“Manitoba Telecom (MBT-T) or Crescent Point (CPG-T) for dividend and safety?” From a pure safety point of view, you are always better off with a telecom than an oil company however there is a chance Manitoba Tel may have to cut their dividend depending of what they do on the wireless side. Not generating very much earnings growth. To be really safe he would select Telus (T-T) or BCE (BCE-T).
DON'T BUY
DON'T BUY
December 22, 2009
Dividend is safe for time being. Been well hit lately within telecom industry. Bell has had much better execution lately.
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Dividend is safe for time being. Been well hit lately within telecom industry. Bell has had much better execution lately.
PAST TOP PICK
PAST TOP PICK
December 21, 2009
(A Top Pick Dec 5/08. Down 13.9% excluding dividends.) Likes it because of the dividend. Still a Buy.
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(A Top Pick Dec 5/08. Down 13.9% excluding dividends.) Likes it because of the dividend. Still a Buy.
BUY
BUY
December 18, 2009
Nice conservative dividend play. 7.65% yield. Limited to Manitoba so competition is not much of a problem.
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Nice conservative dividend play. 7.65% yield. Limited to Manitoba so competition is not much of a problem.
HOLD
HOLD
November 24, 2009
(Market Call Minute) It has free cash flow, but is the weakest of the telcos
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(Market Call Minute) It has free cash flow, but is the weakest of the telcos
COMMENT
COMMENT
November 19, 2009
Some concerns about the dividend. Once a stock yields 7%-8%, the market is saying there is a chance the dividend will decline. Probably okay for the next 12 months but going out further they may well have to cut it some.
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Some concerns about the dividend. Once a stock yields 7%-8%, the market is saying there is a chance the dividend will decline. Probably okay for the next 12 months but going out further they may well have to cut it some.
SELL
SELL
November 3, 2009
(Market Call Minute) Doesn’t have the same dynamics as BCE. BCE has better businesses.
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(Market Call Minute) Doesn’t have the same dynamics as BCE. BCE has better businesses.
HOLD
HOLD
November 2, 2009
Not a national player. Consolidation will continue in this market and will eventually be a target so you are better to wait for this and get the 8% yield.
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Not a national player. Consolidation will continue in this market and will eventually be a target so you are better to wait for this and get the 8% yield.
PAST TOP PICK
PAST TOP PICK
October 30, 2009
(A Top Pick Oct 31/08. Down 20%.) 8.3% yield. Company came out with a little concern about future earnings.
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(A Top Pick Oct 31/08. Down 20%.) 8.3% yield. Company came out with a little concern about future earnings.
PAST TOP PICK
PAST TOP PICK
October 26, 2009
(A Top Pick Oct 2/08. Down 15%.) Dividend is quite poorly covered and the market got quite nervous about it. Getting down to an interesting level.
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(A Top Pick Oct 2/08. Down 15%.) Dividend is quite poorly covered and the market got quite nervous about it. Getting down to an interesting level.
SELL
SELL
October 15, 2009
Doesn't have a lot of earnings growth. Yield of almost 8% is safe for a couple of years.
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Doesn't have a lot of earnings growth. Yield of almost 8% is safe for a couple of years.
SELL
SELL
October 8, 2009
Has a significant legacy long-distance business. Acquired All Stream. Traditional telephony with no significant exposure to wireless or other categories that are growing much more quickly.
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Has a significant legacy long-distance business. Acquired All Stream. Traditional telephony with no significant exposure to wireless or other categories that are growing much more quickly.
DON'T BUY
DON'T BUY
September 29, 2009
Would avoid this name. Payout ratio is too high. 8% yield looks very attractive but it is a red flag. Would prefer Bell (BCE-T), Telus (T-T) or Rogers (RCI.B-T).
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Would avoid this name. Payout ratio is too high. 8% yield looks very attractive but it is a red flag. Would prefer Bell (BCE-T), Telus (T-T) or Rogers (RCI.B-T).
BUY
BUY
September 23, 2009
Great stock. Yield is good and dividend looks safe for the next couple of years. Good place to hide in these kind of markets. (See Top Picks.)
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Great stock. Yield is good and dividend looks safe for the next couple of years. Good place to hide in these kind of markets. (See Top Picks.)
COMMENT
COMMENT
September 23, 2009
Basically flat lined from where it was in January. 8% dividend yield is not at risk. Not his favourite because he doesn't see where the growth is going to come from but it is an attractive dividend. (See Top Picks.)
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Basically flat lined from where it was in January. 8% dividend yield is not at risk. Not his favourite because he doesn't see where the growth is going to come from but it is an attractive dividend. (See Top Picks.)
DON'T BUY
DON'T BUY
September 4, 2009
Telco in Manitoba. Good job but growth is limited. Bought the old AT&T and are trying to compete against BCE (BCE-T) and Telus (T-T) in downtown Toronto. Tax losses allow them to pay a generous dividend of 8%. Comfortable that they can sustain the dividend but questions if they can grow it. Prefers Telus (T-T), Rogers (RCI.B-T) or even BCE (BCE-T).
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Telco in Manitoba. Good job but growth is limited. Bought the old AT&T and are trying to compete against BCE (BCE-T) and Telus (T-T) in downtown Toronto. Tax losses allow them to pay a generous dividend of 8%. Comfortable that they can sustain the dividend but questions if they can grow it. Prefers Telus (T-T), Rogers (RCI.B-T) or even BCE (BCE-T).
COMMENT
COMMENT
August 26, 2009
Not a lot of growth but is not concerned about the 8% dividend as they are generating sufficient cash to fund it. If you want to have an investment in the telecom universe, there might be a better name than this. BCE (BCE-T) has a stronger balance sheet and stronger cash flow profile.
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Not a lot of growth but is not concerned about the 8% dividend as they are generating sufficient cash to fund it. If you want to have an investment in the telecom universe, there might be a better name than this. BCE (BCE-T) has a stronger balance sheet and stronger cash flow profile.
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