BCE Inc. (BCE.TO)

His favourite telco in Canada. Likes its diversification into the broadcasting business. Thinks the selloff in the interest sensitives are probably overdone in the short term.

A good business. Has pulled back. The whole sector pulled back because of rising interest rates. Wait for a larger pullback to get it.

It has broken support levels and is in a downward trend. It is below its 20 day moving average and underperforming the TSE, so you don’t want to be there right now. Right now, it is not attractive. Seasonal strength is in the summer (Jul-Oct) but he is not seeing signs for BCE yet.

(A Top Pick June 8/12. Up 14.4%.) Still likes it and still expects dividend increases.

The whole interest-rate sensitive area is coming off pretty fast and hard but this one was so close to his risk management level that he felt it was a really good time to add more.

(A Top Pick Jan 3/13. Up 9.14%.) Solid, Canadian infrastructure company. Feels good about the dividend policy going forward. Recently seeing some signs of consolidation and cooperation in the telecom industry. Still likes.

Telus (T-T) or Bell Canada (BCE-T)? Feels they are both great companies. One of the problems is that they have run up a fair bit in the last little while which goes back to the trend that people have put money into dividend stocks. There is a lot of expectation in these things. There may be some short-term volatility which will allow you to buy half a position and the other half on a pull back.

Not a bargin here, it's still got a great yield and the dividend will keep growing. But the earnings growth will start to slow. It's right near a new high.

Lkes it for the yield and the growth. He likes all the telecoms.

Fine long term investments. Take opportunities where they correct 5 to 10% over the peaks.

3.35% bonds maturing June 18/19. As these bonds get closer to maturity, the yields will tighten and spreads will tighten and you get a positive performance, assuming that the yield curve stays positive.

People are buying this for the yield. Chart shows a nice upward trend. Has been consolidating at around $46-$47. Given the yield, it is not a bad position to be in. Not seasonally strong at this particular time but still not bad to be in. If it starts to break down, you are probably looking at $43.

Growth in this company has been coming from the wireless side for the last few years. Canadian regulators have made it pretty darn clear they want to see Canada’s very, very high wireless prices come down. That is not bullish for the whole sector. This company has been incredibly well managed. Have been raising their dividend regularly and is basically back to being a yield story but he doesn’t see any upside from here.

Doesn’t have a tremendous amount of growth. Currently have a deal going on for astral media, which should close in the next quarter or 2 and he expects this will go through. There is also the struggles of new entrants into the wireless which seemed to be exiting the business now. Not a high growth story. For people looking for yield, this would be near the top of his list.

There should still be great growth in the wireless side of their business. Feels that its dividend is safe and has the ability to grow. New management is doing a very good job and moving the company in the right direction. He owns this in his dividend portfolios only, as he wouldn’t expect much capital appreciation.