Telus Corp (T.TO)

Telcos have acted poorly, so he's become cautious here. They have a higher PE and they used to earn this premium valuation because of ancilliary operations had growth, like technology. Their Telus International is a disaster. Telus faces more competition. BCE is very cheap and Rogers will grow after buying Shaw, so Telus is ranked third.

Not good value. Doesn't own, wouldn't buy. Financial performance declining. Earnings misses. Needs to stabilize revenue, improve profitability, and reduce debt load.

It has been a poor performer in the past 12 months but is pretty well positioned now with good assets over the long term. Free cash flow should start to expand so it is good to buy at these levels. The dividend is sustainable.

A bit cleaner financial shape than BCE. Dividend secure. Tough regulator, and the whole sector's looking for some relief. Sit with it and collect the dividend. If we haven't bottomed out, we're probably pretty close. Yield is 7.5%.

Looking ahead 5 years you'll have collected a good dividend, probably gotten some growth out of the stock, and there's your double-digit return. 

85% revenue from services, 15% from hardware. Usually trades at a premium to peers due to higher growth and further ahead in fibre to the home. Should benefit from immigration. Most diversified of the Big 3.

Not as much leverage on BCE's balance sheet as peers. Shares have contracted to a very attractive valuation, plus a 9% yield. He'd choose BCE at this point.

He doesn't see the same buying coming in as with BCE.. It is making new lows - wait until it is above $23 to buy. Follow the 50 day moving average.

Favours Telus for the long run. More consistent performer for dividend growth. Share price over 10 years has been steadier. (He's based in Western Canada, so he may have a bit of a home-team bias ;)

But if he had to buy one today, he'd go with BCE. Trading at a 10-year low, appears oversold. Yield is about 8.5%, and looks secure -- reducing capex, and it could introduce a DRIP program (which would give it a healthier payout ratio).

Sector's out of favour, but good business, oligopoly, very profitable. Much prefers Telus and QBR.B to BCE. Telus has lots of free cashflow coming, will be able to raise dividend significantly over next few years. QBR.B is the fastest-growing telco.

Great dividend. Not much growth over the long term. Good for yield seeking investors. Current price is a good place to buy. 

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.