Buy telus stock
A good Hold longer-term. Dividend yield of 4. In sector ratings, telcos rank really well. Trading in record territory. An income stock in a more defensive industry. Generates a lot of free cash flow and provides very attractive yields. A play on the recovery of Western Canada.
It is going to face more competition with Shaw SJR. B-T ramping up their wireless presence in Western Canada. He likes the telecoms and thinks this is a good company. Right now he would prefer BCE BCE-T or Rogers RCI. If looking for growth on capital, there are probably better places to deploy your money over the short term.
However, if you just want to park it and forget it, you are probably fine with this. An extremely well-managed company. One of the best CEOs in Canada. The economic recovery in the West benefited them last year.
This was the laggard in wireless, and then they were the leader in terms of subscriber additions, and now are at the back of the pack.
He is waiting for this to get hit on some macro trade with interest rates. The wireless side has done quite well. They pay a great dividend and expect to raise it over the next little while. You will not see much growth in any of these companies. They want to get fiber in Western Canada. They are getting competition from Shaw. It is very expensive, as is BCE-T.
As it goes flat, the fundamentals are percolating underneath. Strong stocks go sideways for a long time until fundamentals catch up with them. He owns this and likes it, but less than he did a couple of years ago. Because they are essentially only in the wireless space, they are going to need to invest significantly in acquiring spectrum and upgrading networks.
A safe name to have in your portfolio, but if looking for some real growth over years, you need to go to something like Alphabet GOOGL-Q or Amazon AMZN-Q. A Western Canadian-based telecom provider. Many years ago they made the wise decision not to get into content.
Over the next couple of years, they will have to pay for some spectrum. Debt has increased on their balance sheet, so they really should slow down their dividend growth rate. They will face more competition with Shaw, after Shaw having acquired Wind Mobile.
He would not buy it here anymore. A good name longer-term, but there are competitive pressures with Shaw right now. Trading below its five-year average, and lower than the group. Telecoms are pretty expensive here. They have been acting as a bit of a yield proxy.
If he had great capital gains, he would be selling some of this. It is West vs. He had to decide when to move toward growth.
That means getting rid of some of the "steady Eddies". He owns none of the telecoms right now. Multiples are extremely high. T-T ranks number 1 with customer service and the ability to generate cash flow. Both are great dividend growth companies.
He needs to see it get above that.
T TELUS Corp Stock Price Quote | XTSE | Morningstar
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Showing 1 to 15 of entries. You must be logged in to comment. View Our Privacy Policy Find: Recent Top Picks My Portfolio Table Views: Hap Robert Sneddon FCSI. NORTH AMERICAN - LARGE Bias: Market Call Minute Not her preferred play, but it is an oligopoly.
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