BCE Inc. (BCE.TO)

Has another offer on the table to acquire Astral Media (ACM.B-T) as content is going to be very important in the future. Competitors have concerns that there is too much concentration in media. Feels it plays more into their long-term plan rather than having an immediate impact on the stock.

Earns so much free cash flow that it still increases dividends.

Just had a recent pullback and the yield is nice. 5.4%. Phenomenal entry point. They have to make a lot of strides to get away from their wire-line service. Might want to split your holding between this and T-T

CRTC is not in favour of deal with Astral media (ACM.A-T). BCE is a slower growth vehicle. Sees better growth potential in T-T. For BCE he believes the deal will benefit BCE. Would hold it for income, not growth.

Wait to get a more attractive entry point. Telecom valuations are a little expensive. Companies like this really struggle to engineer long term growth. They still have a legacy landline business that they are trying to offset attrition with using the wireless business. Wait until you get to the low $40s. Don’t sell it because it is a defensive name. 5.5% dividend.

Telecom, cable and health care, consumer staples and pharma, make sense because of stability in their cash flows. Easily cover the dividend over the next 3 years. 70% payout ratio. Growth in dividend is likely to be there also.

Looking oversold. His larger holding is with Rogers.

(Market Call Minute) Continues to execute very successfully.

For now, the Astro Media deal is not going through. Increased their dividend twice this year. Thinks the secular trend in data is important for all these companies. They are the new pipelines into your home or into your phone, etc. Have done a great job of integrating media. 5.3% yield.

(Market Call Minute.) You’re not going to get to hurt by this one. Steady 5.5% dividend yield. The recent blocking of the acquisition bid suggests that it is going to be more and more difficult for a company of this size to grow quickly.

Don't let a single stock become more than 5% of your portfolio. We are trading at the mid point of the range. If it gets closer to $40 he would want to accumulate if you don't have a full position.

(A Top Pick Nov 15/11. Up 15.34%.) Bid to acquire Astral Media (ACM.A-T) has been rejected by the CRTC. Until the uptrend changes, there is no need to Sell. Pays a pretty good dividend and is in a reasonably good space. Could be a good buying opportunity at this point.

Likes it because it pays a growing dividend. Sees it continuing to grow.

(Market Call Minute.) Prefers Rogers (RCI.B-T).

He looks at telecoms as a GDP plus grab. If GDP increases by 2% and telecom picks another 1.5%-2% of your wallet. Sell off is more related to a broadening of risks. Good company but he wouldn’t be rushing out to buy it. For a longer-term, this is the kind of stock you want to put in your portfolio. Fairly valued at this point in the cycle.