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Gold/Mining/Energy : MBT.TSE Manitoba Telcom

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To: Francois Amouzouvi who wrote (17)5/16/1998 12:43:00 PM
From: Grislee bear  Read Replies (1) of 37
 
They were recommending it as a buy @ 23.50 a couple of weeks ago. This whole sector was on fire for the last few months and and we have been seeing some consolidation over the last month. however the telco sector on a whole is starting to heat up again, As for a price target they have not listed one on the sheet i have i will try to dig up the analyst name for you.

I think MBT is a good stock to own in a choppy market It seems to be fairly stable and pays a good dividend, has huge cash flow and is not dependant on asia for revenue.

looking at the past few weeks trading patterns the stock has pulled back on very low volume mostly small retail investors taking profits

Grizz
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