BCE Inc. (BCE.TO)

All telcos have been beaten up. Aren't in seasonality now. BCE will probably do okay. Pays a safe 7.5% dividend. They've already invested in 5G, so not in a risky phase. If interest rates flatline, this should be okay as you get paid that dividend.

He sees 35% downside. Earnings just barely cover their dividend. GICs pay higher returns.

Telcos in Canada are in a unique spot. Quebecor has really upped the competitive pressure, positive for the consumer but negative for BCE and Telus. Stay away, and see how things shake out. Prefers RCI.B, with its ability to shave costs from Shaw, or QBR.B.

Telus, BCE, and Rogers are all competing for market share. Telus and BCE are in a really good position in that race. People are loathe to give up cell phones. Yield of 7.5%.

Share price a good place to buy. Excellent long term investment. ~8% dividend yield very attractive. Assets are very good. Owns shares in the company. 

As with all telecoms, falls into the category of mean reversion. Traditionally, a 4.5% dividend yield. Effectively, somewhat of a proxy for money market. Big tech players eventually need to start paying for bandwidth. He's happy to hold for income.

Continued higher rates killed all these bond proxies. You still get the dividend. He's not selling. Eventually it will be higher, and he'll have done OK.

He doubts that any big Canadian dividend stock will. Also, BCE tends to cut loose its businesses. BCE will not cut. It pays 7.5%.

Good stalwart. Yield is over 6%, growing steadily at mid-single-digit pace. Dominant player in a needs, not wants, business. Sector is an oligopoly, well regulated. Peak of capex is behind it. Quite profitable. Strong investment-grade credit.

He expects interest rates in Canada to keep rising, as high as 15%. BCE is tied closely to interest rates. He targets $35.81, or 32.5% lower than now. Their earnings can't match the dividend they pay out. Basically, you're losing equity (book value) as you collect the 7.24% dividend. Or you can buy a GIC of 5.5%.

He is not aware of much insider selling which was part of the question. It is a rock solid company in a great space with few competitors. It is a great time to buy any of the telecoms with BCE being his favourite.

Chosen for defensive income. All telecoms have faced headwinds from interest rates, regulatory concerns, and increased competition. No one's gone super price-competitive yet. Immigration a positive. Capital spending on fibre should trend down next couple of years. Happy to hold. Yield just over 7%.

The classic income stock. The dividend keeps rising year after year and he has clients who've owned it for generations. The stock appreciates modestly. All income stocks are in the toilet because of high interest rates, but now is a great time to buy it. It pays a dividend of 7%. They're finishing their 5G build-out, which will lead to lots of cash flow and maybe higher dividends. It's the least-indebted of the big 3 telcos. Oversold now.

Likes it for cashflow and yield of 7%. Telcos have had a tough time with rising interest rates. Will do better as rates come down. 

It is a stable business but has had a bit of a difficult year so far. 5G will happen more in the next while than it has in the past. Has a great dividend of 7% and regularly increases it.