
TSE:T
He likes the telcos and prefers BCE. Telcos pay big yields, are stable yields and enjoy an oligopoly in Canada. Shaw is selling to Rogers (pending approval). Quebecor wants spectrum outside Quebec. And all companies are investing heavily in 5G. Once this is complete, the telcos will be golden. He loves this space. Telus is good, but lacks the media assets of BCE, which is a disadvantage.
Benefits whether Shaw deal goes through or not. Either Rogers has wasted a year spinning its wheels, or there will be fewer operators and Shaw was a stiff competitor. Great place to be. Issued debt, so they are cashed up, but this put pressure on the stock. Nice entry point, with still room to move. Yield is 4.68%. (Analysts’ price target is $29.44)