Topic: How To Invest

Pat: What is your advice on buying Glentel? Thank you.

Article Excerpt

Glentel Inc., $18.80, symbol GLN on Toronto (Shares outstanding: 22.2 million; Market cap: $417.4 million; www.glentel.com), is the one of the largest multi-carrier mobile phone retailers in Canada. It also provides telecommunication services across North America. Glentel gets 96% of its revenue from its retail operations, which sell mobile phones and wireless service plans to consumers in Canada, the U.S. and Australia. The remaining 4% comes from selling wireless equipment and services to business and government clients. The company operates over 1,180 stores worldwide, with more than 330 Canadian locations, mainly in malls, Costco Wholesale stores and business centers. In the U.S., it has over 210 Diamond Wireless locations and 428 Wireless Zone stores. It also has over 210 outlets in Australia. Glentel operates under a number of other banners, as well, including Glentel Wireless, Wireless Wave, Wave Sans Fil, Tbooth wireless, La Cabine T Sans Fil, Wireless Etc., Mac Station and Allphones in Australia. In addition, Target Canada has licensed…