MANITOBA TELECOM $32.55 - Toronto symbol MBT

MANITOBA TELECOM $32.55 (Toronto symbol MBT; Shares outstanding: 67.8 million; Market cap: $2.2 billion; TSINetwork Rating: Average; Dividend yield: 5.2%; www.mts.ca) has paid an undisclosed sum for privately held EPIC Information Solutions.

Winnipeg-based EPIC provides computer and networking services to over 700 businesses in Manitoba and Saskatchewan. Its expertise will help Manitoba Telecom offer more communication services to its business clients, particularly in the fast-growing field of cloud computing.

EPIC’s existing management and staff will remain with the company, which will operate as a separate, wholly owned subsidiary of Manitoba Telecom.

Manitoba Telecom is a buy.

A professional investment analyst for more than 30 years, Pat has developed a stock-selection technique that has proven reliable in both bull and bear markets. His proprietary ValuVesting System™ focuses on stocks that provide exceptional quality at relatively low prices. Many savvy investors and industry leaders consider it the most powerful stock-picking method ever created.