Shaw Communication (B) (SJR.B.TO) Buy, Sell…

Shaw Communication (B) (SJR.B.TO)

40.48

+0.01 (0.02%)

as of Apr 4, 2023, 8:00:00 pm Market Open.

291 watching

COMMENT

(Market Call Minute.) Recommended to Sell and move into one of his 3 Top Picks. Telus (T-T) is making inroads into the TV business.

DON'T BUY

Sold her holdings a while back on concerns of competition. They are experiencing competition from Telus (T-T) and are having to reciprocate by offering more attractive deals which puts their margins under pressure.

PAST TOP PICK

(A Top Pick July 5/11. Up 3.7%.) 4.50% Series A. Because the index is so heavily weighted towards financials, he started to move to non-financial businesses. Still likes.

COMMENT

6.75% bond maturing 2039. Hold, Sell or Buy? This is relatively cheap compared to government bonds. However, given his view on the long end of the market, this is offset and then some. The low end of the corporate space is probably fully valued here and you due to see some negative returns over the next 12 months.

COMMENT

He prefers Rogers (RCI.B-T) as assets and management are not quite as good.

TOP PICK

11 times earnings, little bit of softening in earnings forecast. He is not looking to take investment positions. He is approaching market from a trading point of view. Don’t expect to be holding these stocks for 3 years. It is a trade.

PAST TOP PICK

(A Top Pick July 5/11. Up 2.3%.) Shaw 4.50% Series A. Rate reset Series A. Still Buying.

PAST TOP PICK

(A Top Pick Oct 25/10. Down 3.38%.)

TOP PICK

Series A callable on June 30/16. At this yield to call is 4.27%. Like buying a bond with a 5.7% yield.

PAST TOP PICK

(A Top Pick Sept 16/10. Down 1.29%.) Still has it as a recommendation as a Hold in his letter. Very decent dividend. Cash flow generation is good.

PAST TOP PICK

(A Top Pick Sept 16/10. Up 1.6%.) Failure to expand into wireless could be seen as a pretty smart move in a little while. Still recommends.

TOP PICK

Very nice valuation especially compared to Rogers. Will hang in and if markets pick up could give you a nice little gain. Defensive play.

PAST TOP PICK

(A Top Pick Sept 16/10. Down 2.56%.) Still likes.

DON'T BUY

Had owned this for a long time but saw better upside potential in some of the other names within the cable and wireless space. Prefers Rogers (RCI.B-T) and Telus (T-T). Not 100% clear on the company's direction so not sure how much upside is left.

BUY

Likes the cablecos. They are all trading at reasonable valuations in the neighbourhood of 5.5-6 times EBITDA cash flow. Has a track record of increasing dividends. Going forward there is growth in more products that they can bring on to the cable and wireless sides as well as products for the internet. Would also own some Bell (BCE-T) and Rogers (RCI.B-T).

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Shaw Communication (B) (SJR.B.TO)