Telus Corp (T.TO)

Telus (T-T) or Bell Canada (BCE-T)? Feels they are both great companies. One of the problems is that they have run up a fair bit in the last little while which goes back to the trend that people have put money into dividend stocks. There is a lot of expectation in these things. There may be some short-term volatility which will allow you to buy half a position and the other half on a pull back.

Telecom is in one of the leading sectors for sector rotation. It is leading in the US and it is leading in Canada. The Up is still Up and there is no sign of a Top. Keep an eye on the 200 day moving average and back away when it breaks down through.

He is a Telus fan. It has pretty demonstrable growth ahead of it. Dominant provider in the West on the wireless side, 8-9% growth going forward. BCE probably has 5%. It could do a lot with content. As far as defensive categories that have worked well, this has done well.

Was at 60.11 now 37.34(split) up 16.46% The government has been trying to get small players into the market, and these are being acquired by the bigger telcoms. It's pretty fully valued here. So he wouldn't buy it now.

Yield at 3.6%, they've just had a split and increased their dividend. Dividend will continue to grow 10% a year over the next 3 years.

The whole group is the same. They are all at all time highs and raising dividends. You can’t expect much more. But if things stay as they are, you will get 3-5% dividend and 7-9% total return. It has never come back 10% once. The entry point is a little high.

Chart looks good. Telecoms can do well right here. It is a volatility hedge. Perfect trend. Seasonal buffer from the yield is certainly there, so pursue it.

Earnings reported today and they raised the dividend again. Has been talking about it for 4 years. If the reasons to own it don’t change then it is ok to continue to buy it despite the fact that it is doing well. 22% compound annual growth over last 5 years. Payout ratio is still low. They will continue to raise dividend at least 10% for 3 years and will buy back shares. No reason to exit this story. Lots of people looking for a pullback to buy it. He owns BCE as well, but prefers T-T.

Very well run telco. She doesn’t hold any telecoms at this time. Have all done quite well. Buying at this price you are not going to see much capital upside, maybe 5% along with the yield of about 3.5%. Will be reporting in the next week or so. She would wait for it to pull back by a couple of dollars.

Within the telco group, she feels it is probably one of the stronger holdings, given that its growth trajectory is quite strong. Reporting first-quarter next week and expect they will reaffirm what their growth and dividends will be over the next number of years, which she expects to be around the 10% level. Rollout of IP TV has been very successful and expect they will be able to reap some higher margins. 3.5% dividend yield and have a great track record of increasing their dividends.

Thinks there will be a re-affirmation of the 10% dividend growth target over the next 3 years and believes they will have the free cash flow to justify it. Outlook for the 3 major telcos is very good for the next 3 years.

Supposed to split their stock today. This would be because their stock has done so well.

Had a really good run but is in a sector that he feels that continues to grow their dividends and revenues. Wireless is still very popular and growing and has not fully penetrated yet. Seeing more and more data usage on smart phones, which is going to drive revenue growth for this company.

He likes that they have the IP-TV which they are doing a great job with and having great growth. Great franchise in wireless. Most important is that they are probably the most important poster child for understanding investor appetite. 3 years ago they said they would raise their dividend twice a year for the next 3 years, which they did. Have had a 5-year compound growth rate of just over 22% in their shares. About a month ago, they committed to a dividend increase over the next 3 years of 10% or greater.

Will the 2-for-1 split in mid April have a positive impact on the stock price? Stock splits don’t really matter that much. Like all the telcos, this has had a great run. Expects they will continue to do well but expects it will move more sideways than anything else. Reasonable yield and good balance sheet.