Telus Corp (T.TO)

BCE-T vs. T-T. You are getting bond like returns and in the future they are going to spend a lot on 5G, but won’t get much payback for it. He is weary to buy a stock with a bond like yield. It is a group he does not invest in.

He exited a while ago. It is the most wireless of the three. If you think this is the better growth area then it could be better. A buy and hold strategy won’t get you into trouble.

She owns this in a few accounts, but not broadly. Telecoms are not a big weighting in her portfolios. If you are looking for income, this and the other telcos offer a good investment for income. Their yields are safe.

They are among the most concentrated in wireless, an area he continues to believe will grow. There is a lot of capital going into making sure we do more and more on smart phones in the future. They’ve done a great job investing and expanding their 4G networks by about $2.2 billion. Recently rolled out Telus TV, a good way to cross sell another service to existing clients. Dividend yield of 4.3%. (Analysts’ price target is $48.50.)

His model price shows fair value at $39, so it is 15% overpriced. In a rising rate environment, look for the stock to fall relative to its FMV. All telcos are expensive, because they pay a dividend. Dividend yield of 4.3%.

(A Top Pick Aug 11/16. Up 7.07%.) This is just sort of soldiering a long. It hasn’t quite got enough FMV to really propel it forward, but has enough that it is still keeping it up there. In the meantime it has a decent yield. The kind of thing you can tuck away in your portfolio and not worry about it.

Telcos are pretty reasonably valued. This one scores in the top 20%. A very stable stock with good price momentum. It is reasonable at 17X earnings with a 4.4% dividend yield.

This has been a great dividend grower, but the dividend growth may moderate somewhat over the next couple of years, but will still be 5% or so. A good Hold longer-term. Dividend yield of 4.3%.

This has been in a range of $40.60-$45, and he sees it going above that. In sector ratings, telcos rank really well. If you want a decent return on your capital and collect some income, even though there might be some gyrations with interest rates, you can’t go far wrong with the telcos.

Trading in record territory. An income stock in a more defensive industry. Generates a lot of free cash flow and provides very attractive yields. A play on the recovery of Western Canada. It is going to face more competition with Shaw (SJR.B-T) ramping up their wireless presence in Western Canada. Dividend yield of 4.3%.

This is based out of Western Canada, so they haven’t been strong just because of the economic picture. He likes the telecoms and thinks this is a good company. Right now he would prefer BCE (BCE-T) or Rogers (RCI.B-T). If looking for growth on capital, there are probably better places to deploy your money over the short term. However, if you just want to park it and forget it, you are probably fine with this.

An extremely well-managed company. One of the best CEOs in Canada. A great business. He would be buying this in the low $40s.

(Market Call Minute) Not her preferred play, but it is an oligopoly.

The economic recovery in the West benefited them last year. This was the laggard in wireless, and then they were the leader in terms of subscriber additions, and now are at the back of the pack. He is waiting for this to get hit on some macro trade with interest rates. He would like to see it down another 5% combined with another dividend increase.

He owns BCE-T. The wireless side has done quite well. They pay a great dividend and expect to raise it over the next little while. You will not see much growth in any of these companies. They want to get fiber in Western Canada. They are getting competition from Shaw.