Telus Corp (T.TO)

Prefers the telcos to the banks. In telcos, there's not much growth, but these stocks are undervalued. He picks Telus. TD: if there's no more bad news coming, this is probably a buy, but many investors are sitting and waiting. TD is likely undervalued to other banks, but wait 3 months to see how their overhand shakes out.

Entire Canadian media space is attractive. Not getting as much attention as large US tech stocks. Fibre optic build starting to finish - will increase cash flow. Concerns over managemnet transition, but overall a strong business. Population of Canada growing - very good for the business. ~7% dividend yield sustainable for long term investors. 

Bought for dividend and growth, and for anticipated recovery in its various divisions. Growth rates are still compelling. Trades around 16x, not cheap, but still sees 14% growth for 2024-27. Yield plays came under fire the past year, pricing pressure with the fourth carrier, regulatory pressures.

Unlike a meme stock, when a name like Telus doesn't work out you can hold it. Well-run business, dividend, not an "if" but a "when" thesis.

All telcos are getting rained on. Probably have seen the worst in the sector. Still has growth. Internet usage is rising. Cell phone use will continue to grow. Buy here, collect dividend, interest will return when rates come down and share price will bump.

Better option than BCE. Has stronger growth profile. Lots of capital required for business. Rates for mobile use falling (not as much revenues). Would wait until stock reaches bottom. Trend has not reversed yet. Buy on weakness. If interest rates are cut, will also help the company. 

Good yield with both. 5G is not very mature, but will work out well over the next several years. Lots of growth in data. Debt-oriented companies in a high interest rate environment, this has hurt them both. Need to rationalize their businesses, but government intervenes when it chooses, as with BCE layoffs. So they have to be careful.

Tough slog with BCE. Issue is that people are worried dividend will be cut, or that assets will be sold to cover it. Yield is almost 9%, but he doesn't "think" they'll cut it. May have to sell more assets to bring down debt. Don't switch at these levels. Hold, and hope for better times ahead.

Telus is incredibly well run. Includes a number of great businesses they've developed and brought out in public.

He's added to this in the last 3-4 months. The sector has been hammered for various reasons: competition, regulation and noise. The sector has value now. When interest rates go down, this sector picks up. Their valuations are attractive.

Yes. He certainly wouldn't buy them all, but likes Telus and ENB a lot. As rates come down, the higher-yielding stocks that are still beaten up should start to stage a nice rally between now and the end of the year.

Telus and QBR.B are the 2 best stocks to own in the space. Telus will gush free cashflow, as it's beyond big capex cycle, low payout ratio. QBR.B is in a high-growth phase with Freedom Mobile acquisition, very careful capital allocators.

The dividend is safe and will grow 3-4% annually in coming years. Yields 8.65%. Shares are amazingly back to Covid levels. If you own this, keep holding to collect the dividend. Of course, interest rates have effected high-dividend stocks like the telcos. If shares break below the current, Telus could be entering a new bandwidth, but if it bounces, it could be time to buy.

Recent weakness in valuation offers goof margin of safety for investors. Coming towards the end in fibre build out - will be good for cash flow. Various revenues steam good for stability of business. Company should be able to continue dividend increases (~7%). Current dividend yield is very safe. 

Bought for dividend growth in uncertain times. Trades at 19x 2025 earnings. Still sees growth around 11%. High quality, great value. Works long term. Rogers is cheaper now, so that's where he'd be putting new money.

A utility-type stock and that isn't what he buys. He buys companies that grow 15% yearly. Telus is a great company, reasonably priced and pays a good 5% dividend. You can't do wrong owning this. Safe.

Generates 85% of revenue from services, 15% from hardware. Third-party partners help distribution across the country. Population increase should boost sales. Usually trades at premium to peers, as it tends to grow faster. Nice yield of 6.5%, best dividend grower in the sector. 24x earnings multiple, too high. He prefers BCE.

Lacks TV assets and sports teams. Acquisition solidified it as a leader in digital health. Returns are market average, quite a bit of debt (though less than peers).

Interest-rate sensitivity. Disappointing. Avoid right now. If it starts going up and you want to diversify, you could start building a position, but don't have a lot of expectations until rates start coming down. Not too worried about the dividend. 

Huge red flag if drops below $22.50. If interest rates come down, limited upside potential to $26-27.