Telus Corp (T.TO)

Telecom companies don't perform well in early part of cycle (currently in bull market recovery).
Strong dividend yield (~5.7%) that is very safe.
Good for income investors. 

Set back to a very strong technical support level. Earnings have been weak and FMV has been slipping. Nice yield. As long as it holds around $25-26, you should be all right. If it doesn't, could go to $19. Fairly long history of holding at 2x book or better. Good company, well run.

Has come under pressure lately, but has been adding to it in the past month. Has good value. Attractive dividend and dividend growth. Would buy on current weakness.

He likes the telcos, but we're in a period of slower growth as the feds fight inflation. So, you need to own recession-resistant stocks with stable earnings, that pay high dividends at low valuations. He owns all the Canadian telcos, but Telus has slightly better growth prospects from diversifying internationally

Pays a good yield, but it's like many telcos. He prefers T-Mobile for better growth.

Editor's Note: The question was on his preference between T and CU. Total revenue at Telus was up 16% and the capex is down which is good. It is pricey at 25X. CU is a low risk utility and has a very nice dividend and price. Since it has low growth he prefers Telus.

Utility style business with mediocre returns on capital (single digits).
Most of returns achieved through dividends.
Limits to how much company can grow.
Defensive stock - safe for investors. 
Better names out there for capital appreciation. 

Telecom sector is good exposure for income investors. BCE has the higher yield, close to 6%. Telus yields about 4.5%. Both increase dividend each year, generate free cashflow, build out 5G network. Immigration will be positive for the sector.

Believes inflation and rates are going to be higher for longer (HFL). Historically strong dividend payer. Will move up more slowly than others. Downtrend from 2022-23, and you can see the chart taking a turn and pushing higher. Likes the telcos here, and Telus has been one of the leaders.

The question was on Telus or TD Bank - a difficult question since they are completely different companies. They are both great companies and he owns both. Banks and telecoms, especially Telus are both at attractive prices. There is maybe more growth with Telus so it gets the edge.

Extremely well managed, stable, branching out into various fields. Lots of room for some growth down the road. As FCF increases, expects dividend to increase well over 5% per year over the next few years. Nearing tail end of cycle of building out fibre to the home, so FCF and the stock's multiple will increase. Yield is 5.18%.

It would be his top pick in the telco space. It has done some interesting things including investing in healthcare. Also it spun off Telus International. The CEO has been buying more shares.

Sector is low beta (volatility).
Series of lower stock prices suggests down trend.
If stock breaks down trend, good time to buy.
Not a good time to buy. 

Valuation high right now, but offering good long term prospects.
As economy recovers, demand for services will increase.
Financials very strong.
16% earnings per share growth predicted. 
5% dividend yield is very strong.

Great yield of 5.2%. Trading at 25x earnings. Great job on wireless, but also on growing other businesses like TIXT and Telus Health. Management's undervalued, executes very well. Great story. No media division, just telecom-based.