BCE Inc. (BCE.TO)

The earnings forecast and fair market value have been flat lining for quite some time. He is not worried about the payout ratio, however. The stock might go 10-15% lower and then it would be cheap.

As Canadians get richer, Canadian telcos will receive a piece of that increase in its earnings. Purchase of Alarmforce was interesting. Not concerned it will drop a lot from here (currently at 52-week low). 5.5% dividend yield. (Analysts' price target $60.71)

It is wonderful if you are just collecting dividends. The equity part he tends to buy in the mid-$50s and sell in the $60s. It has been a great trade. Continue to trade within the range.

He advocated selling calls a few months ago. It has now come down to a level where it is more compelling. If wire line pricing does not improve, the market will be concerned it about funding its dividend. They are slightly cheaper than their peers. They have a good dividend and they are decent value. Buy a put at $54.

He thinks the dividend should be safe and sees this as a defensive stock along with the telco sector. The technical chart shows a good entry point around $51.50 and that is where they may look to buy. The risk-reward level is good at this price.

He's underweight telecoms, though BCE's dividend is strong and will grow in the near future. There's growth in this space, but there's also secular decline in satellites and landlines. He feels neutral about BCE. It's a good name to hold, though, for cash flow.

He would not be a buyer. Wait over the summer while there is continued noise on interest rates. In the $55 level it is a good place to accumulate if you don’t have any. It’s a good investment for the long time but there will be weakness over the next 6 months.

Trades at 16X earnings. Great wireless side growth. He's bought more of it. They're laying more fibre in the ground in the GTA which will boost revenue. Their media assets give them enough assets for cash flow. You get steady growth. A well-run company. Great yield of 5.1%.

He believes this company is not a tech story – it is like buying a utility. The yield is pretty high, but the growth potential is limited. He does like owning telcos and National Bank does have it in their portfolio. It is a long term hold. Yield 5.3%.

Yield over 5% now and continues to increase. It is a defensive name. The attractive side of the business is the wireless. Well managed company. Not a lot of capital growth.

He owns BCE, favors it over the other Telcos, and bought more during the recent volatility. They just reported strong numbers, stronger than the other Telcos. The Fibe roll-out is going well.

Is their investment into fibre optics and home security going to impact them going forward? He thinks this company is going to $43. Interest rate increases will cause investors looking for yield to leave. The price is too high for current valuations. This is an interest rate sensitive stock and a stampede for the door could begin as GIC rates go higher. Yield 5%.

He normally doesn't pick telcos as top picks, but this one offers increasing cash flow for the next few years. It's the dominant player in this space and will do well. One headwind could be upcoming CRTC spectrum hearings which could present a buying opportunity for new buyers. 5.4% yield. (Analyst's price target is $60.71.)

‘On Balance Volume’ is looking at the buys and the sells. When buys are hitting the bid it is positive. Otherwise it means people are selling into the market. It has broken below its channel here. Yield plays are out of season here. It has done okay but struggled. Wait for it to get back into its trading channel.

The dividend is safe and will grow over the next number of years. It is a great overall package. The group is growing more slowly than before and the valuations are high, but you should be absolutely fine with it here.