BCE Inc. (BCE.TO)

This is okay, but prefers Rogers (RCI.B-T) and Telus (T-T). This is a good core holding. It will probably keep raising its dividend over time. Telecommunications are not going to go away just yet. The only concern he would have would be on the media side of the business. If you look at what has happened to the media companies in the US, they have all come down in valuation.

He likes stocks that kind of stepladder up. This is showing good defensive language, at worst moving sideways. Dividend yield of 4.65%.

You want names with a low beta, which is .4 in this case. He likes the fiber expansion. It will boost earnings. He likes the HBO acquisition. They will stream current seasons over mobile devices.

They recently reported earnings and they were positive. They raised the dividend. Rogers did not raise their dividend. BCE-T is ranked in the top 15% of their database. There is a good opportunity to grow the dividend.

Just reported and are increasing their dividend. This stock almost fits everybody. Great business and good management. Yield of 4.7%.

A good dividend story and the earnings and dividends are going to grow mid-single digits. The fibre to the home is a growth area for them. They are gaining market share in wireless. Over time the stock should do well. This is his favourite of the telcos.

Has been one of our better performing stocks over the last couple of years, and has performed well in this kind of environment. They are fast on their feet and are spreading out into TV, sports, etc. They like increasing their dividend. Dividend yield of 4.6%.

Not a huge fan of telcos, because growth in telcos is wireless, and wireless is not growing in a meaningful way. You now have a 4^th entrant coming in, so there are a lot of headwinds. However, given it is a lousy market out there, it is not a bad place to park some cash. Now is not a bad time to look at this for bottom fishing.

He likes how the company is positioning itself. They are going after data, so it is an interesting way on how they are competing with Rogers (RCI.B-T), which makes a lot of sense. Dividend yield of 4.71%.

Sell at $58 and replace with a dividend paying stock with more growth? He likes this name. A lot of the telcos in Canada became a little bit rich in terms of valuations. You’re getting great cash flow and great dividends. This gives you a 4.7% dividend yield with a single digit growth rate over the next 3 years. For growth profile, you could look at Cineplex (CGX-T) which has a dividend of close to 3.9%. You could also look at some of the Canadian banks.

(A Top Pick Jan 19/15. Up 2.82%.) The dividend is a positive. The negative overhang going forward will be the pick and pay television that CRTC has mandated to introduce in March following through to December.

A relatively defensive investment, and if you want yield it is probably a good long-term hold. Wire line is being offset by wireless. The telcos have all been good at restructuring and cost cutting on their wire line side. They generate a lot of cash flow and are kind of focusing on their wireless. Everyone is taking shares from each other and it is a type of oligopoly.

Chart shows a little bit of an issue on the top side, only because it has gone there before. It got to $60 and stopped, went up again and then came back again. It is working on resistance or support. Now you want it to turn and go back up to those levels again. He likes the name.

(A Top Pick Nov 19/15. Down 7.43%.) Bought this as it broke out of its consolidation at $56. It looked pretty good for a while until the December selloff. He is not going to panic from a short-term movement like the current one. If it stayed below his support line, and the market started to move up, he would be out of it. He is going to watch it for a few more days. It seems to be trading in its old band and he is comfortable with that.

Shaw announced they were buying Wind Mobile and this sent all the telcos down. It means there is another strong player in the sector. She moved out of telecom a couple of years ago on regulatory concerns. The government wanted more competition. BCE-T was down the least of them all. It is still a defensive play with an attractive yield. She thinks today was a knee-jerk reaction. Don’t sell here. Wait and see how this plays out. She would not jump in right now.