Bell Aliant (BA.TO)
Financials 
Technical Analysis 0
BUY
Likes the prospects. Nice and steady. Mot a lot of growth. Dividend is safe. Still looking at 7-1/2 to 8% after they convert and cut it a little.
Jim HuangOwned
Utilities
HOLD
TOP PICK
As an income trust, their accounting is a little opaque. Expect it to do better after it converts to a corporation. Have been paying too much in distributions but expects this to end. Looking for a 5.5%-6% dividend.
Ross HealyOwned
Utilities
COMMENT
Had concerns that payout ratio was too high so he sold. Announced they are reducing their payout ratio and converting to a corp. New payout ratio will probably be 70%-75%. Also have issues with their subscribers being taken away by cable operators and this will be a constant grind on their business. If you are looking for a little bit of growth, this would not be his 1st pick.
Utilities
BUY
BUY ON WEAKNESS
Good yield. There is concern that there will be a cut in the payout when it gets closer to the conversion date but part of it is priced in. If it should drop because of a price cut, he would add to his position. On a 25%-30% cut you still have a reasonable yield.
David CockfieldOwned
Utilities
DON'T BUY
Doesn't think Bell Canada (BCE-T) will increase their stake as they have quite a plateful in other activities. If you own for the yield, it is probably OK but will have to convert to a corp and expects the payout will decrease at that point. Also can’t see where growth is going to come from as their market is saturated.
Utilities
WEAK BUY
BCE owns about 44% of it. Not growing revenue, but squeezing costs. Will eventually taken in by BCE. Distribution will be cut when they convert. Prediction of $1.90-$2 dividend after conversion.
Michael Simpson, CFAOwned
Utilities
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