Lyle SteinHydro OneH.TOCOMMENTNov 30, 2016

Pays the lowest dividend, at 2.5%, among utilities, and operates only in one place, Ontario. She prefers peers which operate in several jurisdictions. Trades at 23x PE, higher than peers. Doesn't hate it, but doesn't rank it highly.

A clean story with strong visibility in the space.

Likes the regulated utilities. 

Same as Metro a year ago, when it was poised to break out, and he wanted exposure to defensives and dividends. Price momentum was improving a year ago. A long-term hold. Is down 10% this year as portfolio manager sell defence to buy offence. This is now attractive.

People are nervous about the uncertainty out there and are looking for safety. But the relative strength of the defensives is not good. Over the past few weeks, he's reduced his defensive positioning. He's focusing on pricing power and dividend growth. Recognize that the market's showing us that there's more economic strength out there than people think.

It broke out since mid-July but has been sideways lately. As long as the stock holds at lows around $44, fine, but if it breaks below that, there will likely be more downside.

Likes it. Decent pullback. US tariffs may not be positive for a stock like this, but let's just wait till January 20 to see what happens. Decent surplus of electricity in Ontario, which can impact prices to the downside. If you foresee volatility and lower interest rates, not a bad choice.

Not a growth stock. Pays a dividend, but not the highest. Stable company.

Very stable. Most assets are in Ontario, whereas she likes diversification of jurisdiction. Traditionally Ontario has not been the best regulator, and it's at the mercy of just that one regulator. Prefers EMA.

Trades at a higher PE than its peers, but they execute very well. Shares continue to grind higher.

Hydro One is too expensive to buy here. QBR.B is in a very challenged space with the 4 well-capitalized players. Whole telecom industry is cheap, QBR.B will work over time, decent dividend.

Gun to the head, he'd pick QBR.B. No gun, putting capital into a dividend stock for 3-5 years, he'd pick neither and put money into MFC instead utilizing the Canadian dividend tax credit.

The stock chart is presenting opportunity to break out. Technical pattern is great for investors. "Higher lows" indicating a new high for the stock price. Doesn't believe rate hikes will occur - good tailwind for the business. Boring business that is good for shareholder value. 

Rising interest rates putting pressure on stock. Company uses substantial debt. Analyst estimates very broad. Would recommend waiting to buy when share price falls. Share price not low enough. Good company, with stable earnings - just not priced correctly. 

It's a Hold, not a Sell, because there don't seem to be a lot of reasons for it to go down. Catching a tailwind as a bond proxy with bonds in rally mode. Good and safe dividend, will probably grow, well supported by cashflow. Well managed. Not a Buy, as there are better ideas. He owns FTS instead, as it's larger and more diversified.

Benefitting from more immigration to Ontario. A predictable utility that'll grow 5% annually, so just collect the dividend. Shares won't do much. It's a slow-growing business. But Fortis and Emera pay higher dividends.

Great company and business. Trading at 18x. Growing at peer average. Better names in sector to own. Would recommend holding.