Shares fell on Q4 over a concern that their wireless growth may be slowing with lower net additions. They only have 15% market share, but have a very good network that should give them a lower marginal cost as they are able to offer larger buckets. He models that they can grow their earnings 16% over the next couple of years and their dividend by 7% over last year’s.
He has owned if for past five years. The growth has been pretty spectacular and they have resolved some former management issues. Plenty of runway to come.
It's cheap, and surprised shares haven't moved higher. They will buy wireless assets from Shaw to become the #4 player in Canadian telcos. Valuation is lower than its peers.
Shares fell on Q4 over a concern that their wireless growth may be slowing with lower net additions. They only have 15% market share, but have a very good network that should give them a lower marginal cost as they are able to offer larger buckets. He models that they can grow their earnings 16% over the next couple of years and their dividend by 7% over last year’s.