BCE Inc. (BCE.TO)

The Saskatchewan data centre is positive news, but represents short-term pain for long-term gain. The deal reduces BCE's free cash flow this year from $3.5B to $2.3B, with $1.7B allocated to the project. For investors worried about capital expenditures, this may be troubling. However, it's likely the right long-term strategic move to generate higher-growth diversified revenue. Unlock Premium - Try 5i Free

It's likely seen its low last year. Not sure about their US investment, and faces competition in Canada. Just announced a data centre builld in Saskatchewan, which will increase capex short term, but beneficial long term. A good move. She hasn't returned to the stock yet, but is watching how the data centre plays out.

He'd own it for income, not expecting a lot of capital growth. Gives you a bit of stability and a nice dividend yield. Will struggle to grow. Improved share value over time by cutting costs and buying back shares.

In a taxable account, could consider selling for a tax loss (and maybe buy back after 30 days).

For the Canadian telcos, regulatory challenges won't go away. In response, the telcos pledged to invest in rural areas, but those areas now have Starlink. Also, Freedom Mobile and Quebecor have added a lot more competition. The telcos won't bounce back anytime soon.

For the Canadian telcos, regulatory challenges won't go away. In response, the telcos pledged to invest in rural areas, but those areas now have Starlink. Also, Freedom Mobile and Quebecor have added a lot more competition. The telcos won't bounce back anytime soon.

Likes it at this level. Dividend absolutely secure. Throwing off additional free cashflow, which will probably be used to reduce debt somewhat. Room to invest in some growth. Defensive, not growth. Possibly delivers double-digit returns over next number of years.

All the telecoms are debt-laden, and they have to pay interest on that. Unable to get pricing power from the 5G movement. Now we're coming up on 6G, so they're going to be spending more. But revenues aren't rising. Even YTD, these stocks are slipping. 

Still not a great entry point.

It's solid at this level, nothing wrong with it. They didn't need to cut the dividend; they generated enough cash flow. They pay an 5.43% dividend, sustainable. Restructuring could work.

The environment for these companies has been very difficult. He sold at the beginning of this year.

He avoids telcos. BCE is tied to the Canadian economy, of which he's not optimistic about it. The cell phone business is now competitive. The days of a regulated utility are over. They bought a US company to get growth. 

Follows both, has owned both in the past but not today. Quickest answer is not to invest in either. 

The reason against BCE is its growth profile. See his Top Picks for BIP.UN, an income name with a much stronger growth profile at a very attractive valuation.

He's not a big fan of momentum trades, but he doesn't keep his head in the sand either on stocks he already owns. Five or six brokers have just upgraded this name, this affects the quants, which affects the fund flows. Met with management, very pleased with tack being taken. Ziply has potential for upside surprise. 

As markets get choppier and froth starts to come out, will probably see money flow back to what's cheap and stable. He tax-lossed it for some clients, others will too, so January will see some buying coming in. This is a long-haul play; frustrating to see it fall from $63, but will probably make it back someday. Yield is 5.35%.

#1 would probably be Telus. BCE is also in there. Names like AC, MFI, PRL, GSY, WFG, and TFII. All of these stocks are cheaper than they ought to be. All things being equal, those names should be higher in January than they are now.