Greg Newman Telus Corp T-T COMMENT Jan 26, 2018

The worries over telcos have passed, with worries over Quebecor, the fourth player, entering, and in lower immigration to buy phone plans. Telus pays a high dividend, his favourite among the big three in terms of income alone.

Best telco in Canada. Dividend sustainable, but will also grow faster than peers; proof is in 7% increase this past year. Price war is fizzling out. More financial strength and optionality than competitors, and less distracted by acquisitions. Plans to monetize $3B of surplus real estate. Yield is 7.55%, elevated relative to its 10-year average of 5%.

It's as though you're at an ugly dog show, but there's one that's less ugly. That's Telus. Spending lots of $$ on their network. Raised dividend recently -- nice, growing, relatively secure. Stable business, stable cashflow. Attractive valuation. Not a bad income stock.

In a protected environment. The whole sector will be in trouble if the government opens the door to foreign competition.

It is his favourite carrier for personal use.. There is pressure to open up competition in the space.

Hopes to see stability in the wireless market. Has always been very well-managed. Owns Bell, also. Telus remains fairly valued and the dividend of over 7% is safe.

Telcos has been struggling, but remains bullish on Telus. Scores 9 for value. They announced a partnership to monetize their wireless tower infrastructure, and will buy completely Telus Digital. Q2 earnings affirmed guidance. Stable cash flow. Not an exciting growth, but will get an over 7% dividend (safe) and diversified growth. Caveat: heavy debt. Lower rates will give telcos some relief.

Competitive, tough times in the industry now. Catalyst in 9-10 months when it spins off healthcare division, thinks this will be successful. More successful than TIXT, since brought back into the fold (which some analysts weren't happy with). Committed to growing dividend, though he'd rather see dividend growth slowed and debt paid down.

If you're a long-term investor, hold. For new $$, start looking around $20.

Up ~11% YTD. She recommended this defensive play when she anticipated softness in the stock market. (If she liked it a year ago on concerns of economic weakness, she definitely likes it now ;) About to start its copper decommissioning. Capex should come off in next few quarters. Yield is 7.6%.

Whole sector struggles on its growth outlook. Good cashflow. Margins hit by recent price competition. Premium valuation in the space. An appropriate space for retirees looking for income. He chose RCI.B.

His firm buys market leaders in sectors that are being positively revalued. Multiple in this sector has been contracting for a long time. Big question is where does revenue come from? Very hard to turn around a stock in a weak sector that's underperforming. 

If you can't rally in a bull market, what happens in a bear market? Probably gets worse. Stay away.