Stockchase Opinions

The Panic-Proof Portfolio (Stockchase Research) Telus International Inc. TIXT-T PAST TOP PICK Apr 04, 2023

(A Top Pick Jan 12/23, Down 8.1%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with TIXT has triggered its stop at $27.  To remain disciplined, we recommend covering the position at this time.  This will result in a net investment loss of 7%, when combined with the previous buy recommendation.  

$26.400

Stock price when the opinion was issued

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BUY

It's gotten cheap with overdone selling. The valuation is in line with peers. Likes the Telus stocks.

DON'T BUY

Spun out from Telus. Call centres and support centres for other businesses. No competitive moat, business economics not phenomenal. Avoid.

DON'T BUY

Lots of telecom companies are capital intensive, takes a long time to get its money out, never mind the shareholders getting their money out. Very competitive business. Not for a growth portfolio. No dividend.

(Analysts’ price target is $14.70)
HOLD

Stock has been range bound lately - interest rates putting pressure on stock price. Expecting a double bottom going forward. Potential for strength going forward, but will need interest rates to fall. 

BUY

Rising interest rates have been hard on the company. Would recommend holding and/or buying. Current share price is presenting value for investors. Does not think A.I. will undermine business. Good for long term investors. Oligopoly in Canada with mobile business. 

BUY

Suspects business will be great. Energy prices, and population growth in Western Canada will ensure strength of this business. Would recommend buying this business compared to BCE. Strong management team with legacy assets. 

SELL
The caller is way down

Sell it. Take the loss and re-deploy capital. Don't catch a falling knife.

SELL

Risky debt position causing financial strain. Needs to see improved profitability and significantly reduced debt. Exit, and see what the future holds.

DON'T BUY

IT services and support style business model. Company not performing well in the markets. Debt also a concern. Would not recommend investing. 

HOLD

It has dropped 90% since its IPO. A buyout from Telus has been proposed so you could hold it until the deal closes for a bit more.