Manitoba Telecom Services Inc. $29 - Toronto symbol MBT

MANITOBA TELECOM SERVICES INC. $29 (Toronto symbol MBT; Conservative Growth and Income Portfolios, Utilities sector; Shares outstanding: 78.9 million; Market cap: $2.3 billion; Price-to-sales ratio: 1.4; Dividend yield: 4.5%; TSINetwork Rating: Average; www.mtsallstream.com) has expanded its recent restructuring plan, under which it is cutting 25% of its Allstream subsidiary’s workforce and lowering this business’s capital spending by 20% to 30%. Allstream sells phone and Internet services to companies across Canada. Manitoba Telecom now aims to improve the performance of its MTS division, which has 1.3 million phone, wireless and TV customers in Manitoba. The company will cut jobs and capital spending at MTS and use some of the savings to improve its customer service and billing processes. Restructuring MTS should cut Manitoba Telecom’s annual costs by up to $25 million. To put that in context, it earned $26.7 million, or $0.34 a share, in the third quarter of 2015. Manitoba Telecom is a hold.

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Blue chip stocks are big, well-established, dividend-paying corporations with strong business prospects. These are companies that also have sound management that should be able to make the right moves to keep competing successfully in a changing marketplace.

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Dividend stocks make cash payouts that serve as a way for companies to share the wealth they’ve accumulated. These payouts are drawn from earnings and cash flow and paid to the shareholders of the company. Typically, these dividends are paid quarterly, although they may be paid annually or even monthly as well.

Value Stocks

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One of the sweetest and most profitable pleasures of successful investing is to buy high-quality “value stocks” (or stocks that are reasonably priced, if not cheap, in relation to its sales, earnings or assets), then hold on to them as mainstream investors recognize the value and push up the share price.

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Energy Stocks

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