BCE Inc. (BCE.TO)

Recently reduced his holdings in his “growth” portfolios. Just raised their dividend giving up 5.2% yield. The issue he has is that a 3^rd of their revenue comes from wireless whereas a company like Telus (T-T) has nearly 60% of revenue from wireless. Wireless is the place to be. He is really impressed with Bell Fibe.

Preferreds versus common? Feels you should Sell the preferreds and buy the common shares. One of the anomalies in the marketplace that has existed since 2007-2008, is the gap between preferred share yields and common shares yields have been very narrow. So his natural inclination is to prefer the common shares where there is growth potential in earnings and dividends and total return potential as opposed to preferred shares which are limited to the upside and vulnerable to rising bond yields.

3.35% bond maturing June 18/19. 5 years is the longest term he’ll go in bonds right now and let it roll down the curve over time and get your money back.

Either Bell Canada (BCE-T) or Telus (T-T) are great buys as they are both catching up to Rogers (RCI.B-T).

(A Top Pick Jan 3/13. Up 14.21%.) Wouldn’t expect this gain every year from this company.

5.1% dividend, which is pretty rare for a company that is not particularly interest sensitive. If you are looking for, high-yield, but worried that interest-rates are going to go up, this is probably the one for you. Less vulnerable to the government than its competition because of the breadth of its offering in Internet and TV as well as wireless and home phone.

Preferred Series `R`. The option to redeem is only with BCE, not the investor. You could see it if you have a better opportunity, or just continue to clip the coupon.

(Market Call Minute.) He would prefer Telus (T-T).

Safe stock. Likes what they are doing. Increased their dividend on a regular basis. They are dominant in Canada.

Thinks the dividend growth is going to slow down from what it has been in the past. The dilemma with telcos is that the federal government has a meany (?) on for them right now. Generally speaking, you don’t want to fight the Fed. This is making the telcos be more competitive. This company has done a number of acquisitions, but having lost the hockey night franchise is a bit of an issue. Would consider selling his own holdings if he didn’t have such a big gain in it.

Bell Canada (BCE-T) or Bell Aliant (BA-T)? Basically this is a personal choice on which one you want to go for. Bell Aliant is not as actively traded but provides a higher yield. This one has a lot more things going for it on growth opportunities. Both are yield situations.

Likes the telcos. Sees this as a value play and feels that Rogers (RCI.B-T), which he owns, is better value. You should be fine with this but his concern with whole sector is regulatory issues. Something can come out of left field and knock the valuations around a little.

The best is behind it. Good, growing dividend and some further growth in the industry. He now has more money outside of Canada than inside (55-60%). Canadian dollar is vulnerable.

A wonderful company and gives a great yield. Doesn’t expect there will be a capital gain over the next year. He would prefer to see it at $42-$42.50.

10.58% bond due 2021. Still paying 7.75%. (In a RRIF.) Not a bad interest to be holding. You have to realize that it is paying you that 10% and probably trading in the 140 type range, so will amortize over time. Over the next 10 years, you will see this drop by several points every year it gets closer and closer to maturity. As a credit he is comfortable with it. This will be a good way to sort of wind down your RRIF and hang on.