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TSE:Y

Yellow Pages Limited (Y.TO)

12.35
+0.05 (0.41%)
as of Jun 17, 2026, 3:38:02 pm Market Open.
84 watching
0
DON'T BUY
Concept of yellow pages is a bit difficult now with the way the web’s taken over. Stock has been extremely weak lately and he doesn’t know what kind of salvation there is. Not a good sector to be in and some say the 13% yield is vulnerable.
TOP PICK
Analysts are forecasting that it will cover its dividend for the next couple of years. 13% plus yield. His target would be $6-$6.25.
DON'T BUY
12.8% yield. A classic case of don’t believe everything you see when you look at yields in stocks. At this rate there is probably something seriously wrong. Have been struggling for some time. Have some serious competitors, including Google (GOOG-Q). Recently sold a division at a huge loss that was a lot of their cash flow.
DON'T BUY
Never been a fan of this company. Sold Traders, which will probably help protect their dividend, which was in jeopardy but this was the growth part of their business. Core business continues to decline and their internet business has not been able to pick up the slack. 12% distribution.
BUY
Always buys at $5 and change and Sells at $6 and change. Big dividend. Just sold Auto Trader for $750 million which will guarantee the distribution for a while.
DON'T BUY
Bonds: Triple B rated credit. One notch above junk. Yields are more in line with where high yield bonds trade. Don’t put a lot of money in that name. The business is challenged right now.
DON'T BUY
The question is how much advertising they can bring in with the Internet side of the business. 12% yield. This means the market wonders of they can maintain it. The earnings have to catch up to what they are paying out.
WEAK BUY
It has come off substantially. Shows a high yield. Business model for paper side will continue to decline. Increasingly with apps on phones you can bypass the on-line side. You can buy for the yield but he doesn’t see much growth.
WEAK BUY
Never completely trusts the company. It is a real dinosaur in his way of thinking. What will it cost to get rid of the yellow pages. He put it back on the watch list a while ago and may buy back in again. This stock would be part of his diversification strategy. Has bought it twice and dumped it.
PAST TOP PICK
(Top Pick Feb 22/10, Up 7.95%) Preferred shares 4.25%. Are an excellent investment for non registered accounts. Doesn’t like company long term but likes this preferred. Thinks it will be redeemed at $25 next summer.
DON'T BUY
Hasn’t liked for a long time. Doesn’t like their business model. Yesterday’s technology. Trying to move the consumer from the book to the internet but it’s not working out as well as it should have. When they converted from an income trust, the cost was 20X the average and they gave no disclosure.
WEAK BUY
Business has two parts and moving in opposite directions. Thinks the growth in the on-line side of the business will support the dividend.
HOLD
Very solid business and generates a tremendous amount of cash flow. Had lackluster results but feels the dividend is very sustainable. Low payout ratio. As long as small businesses are not growing, they will continue to be challenged.
WEAK BUY
Very challenging business over the last few years. Advertising has gone more internet based and digital and that has been a real attack on their core Yellow Pages book. Converted a lot of their business to those media. Might be interesting. Pays quite a high yield that he thinks is sustainable.
DON'T BUY
Trading below book value. Why? A lousy industry will beat management any time. Both of these things apply to this company. Gone from a monopoly business when they were Yellow Pages to transitioning to an online business that has an infinite number of competitors. $3 billion in debt and earnings barely cover their $0.80 dividend. 13% yield but expects a dividend cut in the next 2-3 years.
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