BCE Inc. (BCE.TO)

Sold her holdings about a year ago. Her concern is the regulatory environment. Feels this company is going to be more challenged than its peers, particularly Telus (T-T), to grow over the next number of years. If you want to stay in this space, she would trade this company for Telus.

Doesn’t own any communication stocks and doesn’t expect to for some time. There is too much pressure coming into the market from 1) bundling and 2) we are seeing slowdowns in the growth of smart phones, etc. Doesn’t see much growth in this. If you want pure income, this is fine, but if you are looking for growth you should look elsewhere.

Telcos are not hugely interesting to him at this time. They are interest rate sensitive. Also, the federal government wants to take the oligopoly and make it pure competition. Within telecom, he would rather be in Telus (T-T).

(Market Call Minute.) Had a great run. Prefers Telus (T-T).

3.5% Reset preferred. This is sort of a fixed floater. It’s the old-style resets before we got what we have now. As you come to the reset date, it has not been predetermined what you will get at that time, fixed or floating, but the company is going to tell you what they are going to pay.

(Top Pick Jan 14/13, Up 24.02%) Dividend hikes as well. 5% position for him which is a strong position. The numbers yesterday were very good. They still have land lines, which are going away. Their pension obligations are not going away.

Likes their longer-term strategy. Have done well in the wireless area and also in the wire line area where they have a much bigger percentage of their operations than others. The decline in EBITDA is reaching that crucial point this year, where you will start seeing it stabilize or even increase. Have done a very good job in the Fibe TV segment. Their target is to increase earnings to at least 5% a year along with the dividends. Expects you will get 10% overall returns.

Likes it. It is not cheap any more. 5% yield, 15 times earnings. He gets an 8-10% on going rate of return.

A strong hold if you like income. It is unlikely ever to cut its dividend. There are, however, some CRTC issues and he would not buy until this is resolved. Don’t buy unless you are happy with only the dividend.

(A Top Pick April 19/13. Up 7.76%.) This security is bought as a substitute for bonds. Have been very good about increasing the dividends.

Looking at this and other companies in the space, things have changed in this area. We had a situation where wireless was booming and wireline was faltering. Now we seem to be getting into an area where wireless seems to be faltering. Doesn’t seem to be the growth there used to be in wireless. There are better areas to be in. Doesn’t see any upcoming trend on stocks like this. Great yield.

5.2% dividend. He has nothing in the communications area. Dividend is safe. Doesn’t see increases, however due to competitive pressures. Prefers pipelines for income, but you could own this one for income also.

Chart shows that the trend is on the upside and it is trading slightly better than the TSE Composite. Trading below its 20 day moving average. You want to wait until the stock starts showing signs of support. That would probably come close to the $45 level where support was previously indicated.

Had a pretty good run. Suspects some volatility over the summer. TELUS or Rogers probably have a better growth profile. Doesn’t own Rogers or BCE.

7% cash flow yield and dividend. VZ-N is positioned a little better because of being a more pure wireless provider, but both will do well. It’s for a conservative investor.