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TSE:Y

Yellow Pages Limited (Y.TO)

12.42
+0.07 (0.57%)
as of Jun 18, 2026, 4:13:56 pm Market Open.
84 watching
0
BUY
Weakness is because of some US comparables has reflected on them. Looks very attractive at these levels. 11.5% yield.
DON'T BUY
Made a couple of interesting acquisitions. Will have to go into a corporate entity and will become taxable. Dislikes the company on valuation. Bigger picture is that Internet is taking away from its mainstay product, the Yellow Pages book. (Trying to do something to go against that trend.) Personally, he wouldn’t go into Yellow Pages but would do Google or Yahoo instead. Doesn't like the business plan. Doesn't feel the 11.2% is sustainable.
BUY
Represents a pretty compelling valuation. Hedge funds were very aggressively shorting this name because of directory experiences in the US. Different story.
PAST TOP PICK
(A Top Pick July 11/07. Down 18%.) Guilty by association with global competitors that are in financial difficulties. Much better competitor landscape in Canada. Online strategy has been going quite well. Dividend is very safe. Still a Buy.
PAST TOP PICK
(A Top Pick July 3/07. Down 17% including distributions.) A couple of US yellow page providers got into difficulty in funding dividends and this was guilty by association. Would be a buyer in the $9 range.
BUY
Under $11 is a good entry point. There is some scepticism on the Yellow Pages model. Most people don't use the book anymore. In reality, they have a monopolistic position in Canada and are morphing their business to an online directory, which is showing very good signs of strength and good cash flow. Have a joint venture with Google (GOOG-Q), which seems to be working very well. 10.25% yield.
COMMENT
Well run company with a very strong franchise and brand. A lot of people discard their directory and instead, use the Internet. The Internet is also their salvation in that it looks like they are going to be working with Google (GOOG-Q) and try to keep their brand and position to retain some revenue stream. Not a growth stock. Only buy for the dividend.
BUY
(Market Call Minute.) Very good entry point. Long-term issues with this business, but the market is more than discounting these.
HOLD
If you can see 2% or 3% capital gain plus your yield this should be quite good.
BUY
One of the best management teams he has ever met. Very stable, very strong cash flow generating ability. Will continue to be able to pay its dividend.
COMMENT
Has never been a huge fan of this one although he is buying a little for income-oriented accounts. If you're looking for income, this is fine, but don't expect very much on the capital gains side. The target on the street is around $13.
TRADE
Got down to its book value, now it’s at its good will (paid too much for its acquisitions). Concerned from a balance sheet point of view. From an earnings point of view it should be OK. Getting a good yield at this price, reasonably sustainable.
TRADE
11.2% yield, good reason to keep it. An interesting stock now, could justify buying it. If they can maintain distribution it helps.
DON'T BUY
People no longer use the Yellow Pages book as in the past. It will still exist as not everyone is computer literate or will use a computer to look up phone numbers. Has been able to achieve some growth through acquisition, but looking out 3 to 5 years she can’t see where the growth will come from.
DON'T BUY
Has hit a 5-year low and pays almost 11%. Don't let the 11% fool you. How long did it take to lose 11% on a capital loss? High yielding, income oriented, so-called safe things are just the same as any penny stock. 5-year chart shows a triangle formed in 06 and 07 and it broke down through that. That's a negative sign.
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