BCE Inc. (BCE.TO)

(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.

75% you hold is because of the dividend. Good dividend and balance sheet with good growth potential. Trying to acquire Astro and he doesn’t think there is any chance it is going to fail.

(A Top Pick Sept 7/11. Up 20.92%.) Thinks this company is executing on a business plan perfectly. Still a Buy.

Feels that this is probably at the top end of its range. A lot of the reason the stock price has gone up is because of the 5% + yield. Telco area is quite competitive and she thinks there will be consolidation.

Preferred A. this is an old-style reset and when this comes up to the reset date, we don’t know what the company is going to reset it at. This has just been reset at 3.45%, much lower than the original 4.8%. Fairly attractive until the next reset date.

Just increased the dividend again. Probably 8 times in the last couple of years. Will be very competitive and will knock their major competition around a little bit. Fibre optics is really going to give them a step up. Have the Maple Leafs Sports which is very good advertising. 5.6% dividend is safe.

You will continue to see good commitment to the dividend. They are cutting cost and raising the dividend. Not a lot of growth. He owns it for the wireless business.

Preferreds? Feels that preferreds will generally underperform going forward, just because it is still based on current interest rates. He would prefer the common equity which gives 5.1% yield.

Recently increased their dividend. Numbers are tracking really well and they are growing their wireless. Taking some market from the cable companies. Revenues are better than had been expected.

Telecoms stocks in general have been a great place to be but he doesn’t think they will be going forward as the valuations are so high. Thinks there is a time to take profits when the valuation is excessive.

What a great stock and a great chart. Anyone can see the trend. There was a little break out and then it went flat for much of this year. If you were considering owning it wait for it to pull back because it is probably a little ahead of itself. It could test around $43 or just below.

When he sees the company that makes a number of acquisitions that can often lead to write-offs. He sold his holdings because he was afraid of write-offs. They spin off of a lot of cash to shareholders.