Mahanagar Telephone Nigam Limited (ADR) (MTE)

Value priced currently. This is a tech infrastructure company in a developing market, so will boom as India's economy and tech utilization increases.

Trading well below tangible book with strong positive cash flow and no debt.

> Govt owned company with bloated employee force

> Highly competitive private companies who are fast to respond to market

> No ggod foothold in mobile and broadband segments - will grow much faster than fixed phone market

Near 52 week low, great telecoms at a bargain price are even more tasty than my fish curry. India is a nice developing market and I like to diversify globally.

Om Shanti Shanti Shanti

I like global telecom. These are profitable companies trading at low valuations, in an industry less sensitive to recession. Will likely see wave of consolidation over next five years.

lumpy ol dividend, 4.92 p/e

This land-line provider is, well, kinda boring. Not many cell customers. Just lots of boring old land-lines. This is either really bad -- they are missing the cellular band wagon in India. Or, possibly, really good: just like in the US, many households keep land lines.

What makes this stock attractive is its financial statements. All statements appear to be solid, while not flawless.

MTE is beaten down, ready for a come-back

5 Star/Small cap/Pays dividend

growth and value

"We have received a demand from the state government of Maharashtra, of which Mumbai is a part, for payment of Rs.1.9 billion in sales tax for fiscal 1989-2000 on certain telecommunications revenues, mainly telephone rental charges." - 20-F filing, Oct 2007

1.9 billion rupees is $44m - seems scary to me.

Also, we're talking about a gov't owned company that is losing market share to Tata and other providers. I'm pretty sure Tata is not government owned, and given the bureaucratic bog that is India's civil system, I don't expect the kind of decisive action that this company needs taking place.

Long term dividend pick

Experiment time... I will pick whatever stocks that are on the cold 5 star list on the last trading day of each month. There is no research involved other what is on the cold 5 star list at the end of each month. Each pick will be for one year. Lets see where this goes...

Hello? New Delhi calling.

Testing out a portfolio of smallish-cap 5-star stocks found using the CAPS screener. All picks have at least 50 allstars backing them, which should be enough to minimize star rating fluctuations. It's been less than a week, but so far so good!

A very strong company with strong hold in major markets in India. Has a great potential to grow or to be bought out

MTE is one of India's ADRs that is talked about from the likes of Jim Cramer, The Street, etc. The resounding affects of this is that it gives this company great exposure to a wide variety of investors.

With the launch of its new mobile TV service and it is one of India's largest, state owned telcos operating out of Bombay and Delhi. Disussions are afoot about the growth of broadband in India should parallel that growth of mobile in India. If that does come to play, then we are talking big growth. Their strenght will be to leverage this landline platform into mobile in similar ways AT&T pushes the 'three screens' approach in the US.

This stock is trading close to its 52 wk low. I like it.

A BILLION POTENTIAL USERS?
THIS ONE SOUNDS LIKE CHINA MOBILE OF iNDIA

Low PE (8), current ration = 1.5, LT debt = 0, ROE = 13%, Profit margin = 25%, low institutional interest

This company has a long way to go before it can be considered a cell phone company contender. However, cell phone companies need the landline infrastructure. Additionally, in my opinion, stock price does not accurately represent the capital worth of the company. Given the stage of India's capitalism endeavor, their capital worth is an opinion.