Telus Corp (T.TO)

All the telcos were building out their 5G networks and borrowed a lot of money, thinking customers would pay up. Instead, they went to the el cheapo Koodos and Fidos of the world. That's really hurt. Remember the 3 D's of investing:  Debt Doesn't Disappear.

Revenue growth has been flat. Has to consider more asset sales. In his opinion, FCF is not covering the dividend, yet recently increased it. If asset sales go through, should have enough to cover dividend. Tough business right now.

He owns, so is right in there with the investor. JPM says Telus can't sustain its dividend, and market really punished it on that news. Next couple of years, capex won't be as robust as in past few years (going from ~17% to ~12%). So can more than cover dividend for next couple of years. Raised dividend the other day. 

Underlying business is not a great growth business, but still has some legs. Yield is 8.95%.

Hard to recommend selling a dividend-paying stock to buy a tech ETF (especially when that sector's extremely overvalued). A diversified approach is the better way to play the sector. Take a look at ZWU.

The most stable of the telcos in the Canadian market. As immigration growth has slowed, net subscriber growth has come in quite a bit. Don't expect it to return to previous price or valuation. Wishes it wouldn't do all those side projects. FCF inflection coming, as fibre buildout slows.

OK if you need it for the yield, but not an attractive 10-year hold. When push comes to shove, he's not interested.

One of Canada's top telco providers. Low churn rate, strong consumer loyalty. Working on its balance sheet; selling non-core assets to speed up debt reduction. Likes the dividend for all investors; remains strong and stable and a key part of its return profile. 

Wireless growth slowing a bit, so stock's fairly valued. Don't put everything you have in it. Fundamentals rate 6/10, but 9/10 on value. Yield is 8%.

The question was on both companies in the telecom sector. BCE did an acquisition in the US and have to prove out those numbers as well as get the leverage down. Telus didn't fall on the same hard times and the dividend is solid. Wireless is starting to turn better and landlines too. Three to four quarters should show unproved financials. Both have turned the corner.

Not setting the world on fire (but other stocks do that). Own this for its dividend and dividend growth. Share price is at a discount. Price war ended up being a zero-sum game, but competitive intensity has abated. Profits are linked to population growth, and that's slowing due to immigration policies. 

Likes its array of non-core businesses and plans to monetize urban real estate. These are unpriced catalysts that could move the stock price. Yield of 7.8%, pretty juicy.

His firm buys market leaders in sectors that are being positively revalued. Multiple in this sector has been contracting for a long time. Big question is where does revenue come from? Very hard to turn around a stock in a weak sector that's underperforming. 

If you can't rally in a bull market, what happens in a bear market? Probably gets worse. Stay away.

Whole sector struggles on its growth outlook. Good cashflow. Margins hit by recent price competition. Premium valuation in the space. An appropriate space for retirees looking for income. He chose RCI.B.

Up ~11% YTD. She recommended this defensive play when she anticipated softness in the stock market. (If she liked it a year ago on concerns of economic weakness, she definitely likes it now ;) About to start its copper decommissioning. Capex should come off in next few quarters. Yield is 7.6%.

Competitive, tough times in the industry now. Catalyst in 9-10 months when it spins off healthcare division, thinks this will be successful. More successful than TIXT, since brought back into the fold (which some analysts weren't happy with). Committed to growing dividend, though he'd rather see dividend growth slowed and debt paid down.

If you're a long-term investor, hold. For new $$, start looking around $20.

Telcos has been struggling, but remains bullish on Telus. Scores 9 for value. They announced a partnership to monetize their wireless tower infrastructure, and will buy completely Telus Digital. Q2 earnings affirmed guidance. Stable cash flow. Not an exciting growth, but will get an over 7% dividend (safe) and diversified growth. Caveat: heavy debt. Lower rates will give telcos some relief.

Hopes to see stability in the wireless market. Has always been very well-managed. Owns Bell, also. Telus remains fairly valued and the dividend of over 7% is safe.

It is his favourite carrier for personal use.. There is pressure to open up competition in the space.

It's as though you're at an ugly dog show, but there's one that's less ugly. That's Telus. Spending lots of $$ on their network. Raised dividend recently -- nice, growing, relatively secure. Stable business, stable cashflow. Attractive valuation. Not a bad income stock.

In a protected environment. The whole sector will be in trouble if the government opens the door to foreign competition.