Rogers Communications (B) (RCI.B.TO)

They own everybody but Rogers in this space. Rogers is the market leader and has the most to lose. They are going to benefit from the three small wireless playerswho are struggling. Dividend is totally safe.

Is starting to look interesting. Pays 5.6% yeild. Might be oversold right now. Long term should be fine. Telcos are a good place to be in Canada.

He likes it.

He could see a total return in high single digits from here. Telus (T-T) will give you much more predictable cash flow growth over the next 3 years. That would be his #1 pick.

They have done a great job. The wireless competition in Canada has somewhat subsided. Smart phones are a large percentage of the subscriber base. A great long term dividend play. They continue to cut costs and so there is room to increase dividend or do share buy backs.

Terrific company. Doesn’t know what the change in CEO is going to bring. Wireless usage is just driving the profits. Even though it looks expensive, given the yield and the potential profits going forward, he continues to hold. Still buying for new clients.

(Market Call Minute) Prefers VOD-N. He would not put new money into Rogers right now.

(Top Pick Jan 12/12, Up 24.07%)

Overbought short-term. Big picture it is at the upper end of the range. Risk reward is not attractive. Err toward taking a little more money off the table. Buy it back in the next year.

Investors had been pumping a lot of money into these companies. He doesn’t see anything happening with these companies and thinks commodity plays will do a lot better.

With respect to a US telecom, he feels this is very well valued. Pays a nice dividend. The advantage you get over a US telecom is the dividend tax advantage. 3.9% yield. Looking for $41-$42 over the next year.

(A Top Pick Sept 14/11. Up 12.21%.) Still likes.

(Market Call Minute.) There is a lot of competition in this industry that will continue to eat away at margins.

(Market Call Minute.) Fully valued.

Doesn't own anything in the telco sector as it is getting fairly competitive. They are talking about unbundling so you would pay what you get in cable, so there could be some pricing pressure. Very attractive yield. Good cash flow. Will probably continue to buy back stock and increased their dividend a bit every year. Feels the shares are range bound in the $35-$40 level for the next little while.