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

This definitely benefited from some cable co-mergers in the US with possibly US investors thinking the same would happen here. Has a good stable business. They are also out of the wireless which has benefited them, as people have worried about wireless regulations. A good stable company, but is in a sector where money has moved in and pushed prices up. He is looking to reposition some of that money. If you own, consider doing some pruning.

They own global TV and 20 specialty channels. Wireless is good and wire line is poor. The companies in the sector are all exactly the same to him, but he prefers RCI-T.

Trend for cable is down a little bit. People are using Netflix, and we have 553 channels, and you have all of that to overcome. That is a difficult environment to be in. Dividend is fine. They are more likely to be a buyer than a seller. He could see them buying Corus Entertainment (CJR.B-T), and they could eventually be bought by Rogers (RCI.B-T), or split up into pieces.

Looked at this a few times, but has never been comfortable with their cable-based business. Prefers Telus (T-T) and their wireless business. A quality company.

Long Shaw 6.75% bonds maturing Nov 9/39. Short Gov’t of Canada 2037 Bonds. (Top Pick Dec 7/12, Up 16.43%) It was traded like a Double B credit and the spread blew out.

Probably going to be consolidated at some point. It is kind of a sitting duck in terms of what it is doing versus some of the others. Likes the space right now.

He is not bullish on telecoms in general. Would take a cable stock over a telco right now and this one would probably stand closer to the top of the list. Quebecor (QBR.B-T) would be his top pick and this one would be 2^nd. Valuations are still relatively high and there is not as much growth. Also, the regulators are really squeezing these businesses. Pricing in Canada has to come down.

Was a beneficiary of money fleeing the wireless stocks. They won’t be hurt by a competitor coming in but he prefers Telus.

Picked some up this morning. Some really big swings though. It has a nice little place in the $25 range for support. A modified cup and handle so it could come back. $24.50 or low $22s for a stop.

Stock has done quite well. This is a dividend grower. Wouldn’t suffer the same impact as others if Verizon (VZ-N) came into Canada but it could actually end up driving some money towards this company.

(A Top Pick July 23/12. Up 39.47%.) Still likes. Has held in a lot better than some of the other Canadian telcos which have significant wireless exposure. At this price, if you own, he would consider trimming a little bit.

What interested him was that it didn’t get too hotly into the phone business. That might be better not being in there. Good dividend.

He is nervous with this stock chart when it struggled and finally made a new high. He would leave it alone. Sell below the breakout point. Be cautious.

(Top Pick Jul 23/12, Up 22.23%)

Is luke warm on the cable companies, because of the incursion into the TV market by the telcos. Plus the additional competition from Netflix. Doesn't care for the fundementals of the company.