Open Question
I subscribed to the Taipan Daily and they said to but MTE because of the 3G
technology boom in India, the said buy before March 31st. What do you think?
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Mananager Telephone Nigam (MTE) is seen as experiencing any earnings growth over
the near term. The consensus of analysts is that diversified telecom services
firm’s earnings per share of 19 cents per share for the latest available
fiscal year is expected to shrink to 15 cents for the current year—ending
March 31—and then remain at the same level next year. The stock’s price of
15.4 times the current year’s and next year’s projected EPS would seem to
make the stock fully priced.
MTE, which is free of debt and indicating a dividend yield north of 8%, is not
currently rated by TheStreet.com Ratings.
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