Opinions Jason Mann
Shaw Communication (B)SJR.B.TOTOP PICKApr 09, 2021
Jason MannOwned
$33.57
Stock price when the opinion was issued
$40.48
As of Apr 04, 2023. Market Open.
Cable
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PAST TOP PICK
(A Top Pick Aug 26/21, Down 5%) Last year, he considered this safe with some upside, but that hasn't happened. The Rogers deal has gone slower than expected, but it should close. He sold half his position at $38.50 last March, at a $22 ACB. The deal should close at end-2023.
Ryan BushellOwned
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PAST TOP PICK
(A Top Pick Jan 06/21, Up 70%) The deal should go through. Stock is still at a healthy discount to the deal price, which would be a 10+% return in 3 months. He's holding, but not buying more.
Ryan BushellOwned
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DON'T BUY
SELL
Allan Tong’s Discover Picks Since March 15, Shaw has gained 5.1%, lagging Telus at 6.5% and BCE at 13%. (Rogers is -2.2%.) There's little catalyst to increase the share price, so the question becomes whether to hold on or sell now. The downturn this month may offer a buying opportunity, but we're talking a quick trade. Shaw's fate is now tied to the soap opera at Rogers and hurting shares. Further, there's a risk that Ottawa will not approve the merger, though the street is confident it will happen. If the deal collapses, SJR.B stocks could tank. Are you willing to take that risk, or will you be cautious and sell? Read The Battle for Rogers and 4 Other Telecom Stocks to Consider for our full analysis.
Stockchase DiscoverOwned
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TOP PICK
Believes the deal with Rogers will close. Election could upset the apple cart, but polls don't expect a change in government. Even if there is, huge precedent for the deal to close. Good risk/reward right now, in a market where there's a lot of risk. Good place to park some cash while we wait for the deal. Yield is 3.21%. (Analysts’ price target is $39.18)
Ryan BushellOwned
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PAST TOP PICK
(A Top Pick Sep 03/20, Up 52%) Likes telecom in general. He sold out into the Rogers bid. If the deal doesn't go through, downside might be 30% or more.
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They participate in the spread when the deal is announced. Shaw is trading 24% the price Rogers has offered. This is due to the fear of regulatory intervention. Thinks that the real concern is on the wireless side, and this deal works without the wireless side. They can divest Shaw's wireless side and still be a good deal. Thinks there is a 85% chance of the deal going through. (Analysts’ price target is $37.92)