Brian Acker, CA
SBC Communications
SBC-N
DON'T BUY
Sep 07, 2005
Like BCE (BCE-T) in that it just crawls along. Thinks it pays a high yield, but at the end of the day it is above what he thinks is its fair value. His model price is $23.26. A 4% differential. However, the model price has gone up in the last 2 months.
3 good reasons to buy are strong dividends, coming off the bottom, and US currency devaluation. Had been oversold. Very steady revenues. Limited growth.