BCE Inc. (BCE.TO)

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.

Trades at about 15 times earnings, great dividend that will continue to grow. You won’t see the same price appreciation. A lot of the costs they took out over the years are done. He would buy more if it fell.

Bought Preferreds in 2011, should caller sell them. He would not buy their preferred shares because of their rating. They are not investment grade. Own the common stock.

You get a 5% dividend. Thinks it is safe. Until we see how the landscape looks in telecom and wireless he would not hold it. Wants to see where there are growth opportunities.

Likes Telcos. Good business to be in. Stock sold off when people sold interest sensitives so he bought. The sort of stock you can sit with and sleep with. He likes BA for the yield as well.

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).