Yesterday on TSI Network, we gave you our stock trading advice on Aastra Technologies [1] (symbol AAH on Toronto), one of the investments we recommend in our new free report, “Tax-Loss Selling: 7 Christmas Stocks That Could Give You Huge Gains in the New Year [2].”
Today, we analyze another company that could soar in the wake of tax-loss selling season, Manitoba Telecom Services Ltd. [3] (symbol MBT on Toronto). The company’s shares are down 19.2% from their 2010 high of $35.39.
Manitoba Tel gets 52% of its revenue from its MTS division, which mainly sells traditional and wireless telephone services to consumers in Manitoba. The remaining 48% of its revenue comes from its Allstream business-communications division, which operates across Canada.
The company cut its quarterly dividend by 34.6% in August 2010, to $0.425 a share from $0.65. The new annual rate of $1.70 yields 5.7%. However, the dividend cut will free up cash for new investments that will help spur the company’s long-term growth.
Our stock trading advice: Manitoba Telecom is a tax-loss selling buy for long-term gains and income.
Don’t miss your chance to position yourself for potentially strong gains in early 2011. Download your free copy of “Tax-Loss Selling: 7 Christmas Stocks That Could Give You Huge Gains in the New Year” right away [4].