Bell Aliant (BA.TO)

HOLD
Thinks the dividend is sustainable. Majority of business is wire line. They are very efficient and good at cutting costs.
PAST TOP PICK
(A Top Pick Nov 19/10. Up 13.24%.) They are world class when it comes to fibre optics for the home. Has good support in the $27 range.
BUY
Maritime, Québec and some parts of Ontario. Wire line, but are getting into the optical cable. Earnings growth is good and it has an excellent yield of 6% plus. He keeps adding every time it gets below $28.
PAST TOP PICK
(A Top Pick July 5/11. Up 3.2%.) Bell Alliant 4.85% Series A, Rate Reset. Still Buying.
PAST TOP PICK
(A Top Pick Nov 1/10. Up 6%.) 4.37% 09/13/2017 Bonds.
BUY
Long-term hold 20 – 25 years? Extremely difficult to look that far into the future. As a value investor, he only looks through a business cycle such as 3, 4, 5 or even 6 years only. There have been massive changes in the utilities over the last 25 years. A criticism has always been of being in a constrained market or growth but they have been investing a lot into fibre optics, which is beginning to get some traction for them. Dividend should be okay.
PAST TOP PICK
(A Top Pick Sept 7/10. Up 17.16%.) Still likes and would still be a Hold. This one is all about the dividend. Almost 7.5% yield.
PAST TOP PICK
(A Top Pick Nov 1/10. Up 8%.) Bell Aliant 4.37% 09/13/2017 Bonds.
PAST TOP PICK
(Top Pick Nov 19/10, Up 11.11% Total Return) Still likes it. Has a boring trend.
PAST TOP PICK
(A Top Pick Sept 30/10. Up 5.84%.) Still likes.
TOP PICK
Wire line in the Maritimes. Fibre optic side of the business has been really growing. Now that there is a big building contract in the area, it will probably help them. Good yield. Well-managed.
PAST TOP PICK
(Top Pick Sep 7/10, Up 14.75 Total Return) You want some nice yield protection on the downside. Not the hottest company in the world, but it is well run, cheap and nice yield.
HOLD
Have done a good job of cutting costs. Dividend should be safe. He questions growth over time but they have done a pretty good job on their wireless side.
BUY
Immune from wireless issue the others are facing. Must build out its home network. Are spending billions to build out network. Taxable in 2013. Dividend is sustainable.
COMMENT
Doesn't feel growth prospects are great. Dividend is safe. If you're a yield player, it's a good solid hold.
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