Telus Corp (T.TO)

He recently switched from BCE to Telus, a subtle change. Telus has a bit better growth dynamics with healthcare and TIXT. Finished fibre to the home capex, so free cashflow should increase. Great free cashflow with excellent yield. Oversold. Best in class of all the telcos.

If you had $0 in the market, this would be a good place to start. Interest rates stabilizing will help. Not cheap, but not as expensive as historically. People are travelling, so roaming fees are higher. Immigration is moving West, and Telus tends to be dominant in the West. 

It's gotten cheap with overdone selling. The valuation is in line with peers. Likes the Telus stocks.

Has not seen recent earnings report. Headwinds in the business with 4 players in Canada. High P/E ratio compared to Rogers. Higher interest rates tough on business. Would invest with a lower share price. Strong business for the long term. 

Trades a premium to its peers because it has grown faster historically and have been quicker to deliver fibre to homes. But it lacks TV stations and sports teams which Rogers and BCE have.  Good profit margins and ROE, but the balance sheet has too much and the PE is 21x PE, much higher than its peers. Pays a 6.5% dividend, but not his first choice.

All telcos have pulled back, ugly charts. But fundamentals for telcos are good. Look to see if it will base at current levels. Pays a high dividend and interest rates should flatten, which makes this a good time to step into this and telcos.

Telcos in Canada are in a unique spot. Quebecor has really upped the competitive pressure, positive for the consumer but negative for BCE and Telus. Stay away, and see how things shake out. Prefers RCI.B, with its ability to shave costs from Shaw, or QBR.B.

Telecom sector has been volatile past year with higher interest rates. Believes company will provide value in the long term. Good for dividend investors. 

Telus, BCE, and Rogers are all competing for market share. Telus and BCE are in a really good position in that race. People are loathe to give up cell phones. Telus has diversified. Repriced to the point where it's attractive. Well managed. Yield of 6.5% is not bad.

Rising interest rates have put pressure on stock price. Believes stock price is historically cheap. Canadian immigration will see growth in company. Likes company for the long term. Buying shares at the current price.
 

Has owned this. Nothing wrong with owning it. Over time, the telcos could see their oligopoly erode with more competition. Also, higher GIC rates are hurting the telco stocks, known for their dividends. Don't sell. Wait for interest rates to stabilize. Sure, GICs pay 5%, but what about inflation? Dividend stocks are a better hedge against inflation over the long term.

Telus has been great for him as a customer. All telcos are getting hit. Unlike Rogers and BCE, Telus lacks the same integration or diversity of business. It will probably bounce at some point, but it will take a while before such "safe" dividend stocks bounce.

It is at a good valuation now, being near its low. Has a solid dividend and dividend growth rate. In general telecom stocks are down and there are competition concerns for the sector but this should not be a major concern.

6% or so dividend yield. Earnings are soft. CRTC is determined to find a way to keep prices lower, a politically popular strategy. Still, these companies have an oligopoly. If they make less in one area, they'll increase earnings in another. All in cost-cutting mode.

Rising interest rates tough on business.
Steady business with safe dividend.
Good time to buy with current share price.
Not expecting further interest rate hikes.

Telcos have underperformed in the last year, pretty cheap. People are worried about rising interest rates affecting income. Majority owner of TIXT, which missed on results. Undervalued. Solid buy.