Rogers Communications (B) (RCI.B-T)

No exposure to telcos at this stage. Pretty decent, high-quality name, yet stock continues to suffer. 200-day MA is falling, and stock price is below that. Stock hit 52-week low today. Technically, not a name to be involved in.

May seem cheap on PE, but not a name he likes. As well, he's more a growth manager than a value manager. Nice dividend of 5.2%, but you'll have to keep an eye on that over time.

Very tough, competitive market. Chances are that over the next 1-3 years, competitive environment likely to get better. It, along with BCE and Telus, still controls 90% of mobile phone traffic; cheapest of the 3. Management issues. Likes consolidation and monetization of media assets. 

Value story turned into a value trap. Whole sector's seen pressure. Is he freaking out over it being down? No. It's part of a balanced portfolio. Analogous to planting a garden -- not everything grows at the same time.

This wasn't his plan for the stock, but these things happen. You'll find that the stocks that are very unpopular become purged, especially on tax-loss selling. Then, when there is a catalyst, they do start to go higher and can do so quickly because they're under-owned. More importantly, it can give you some stability if markets come down; this one won't get sold, because everyone who wanted to sell already has.

His focus is more on the small- and mid-cap space. This is more of a steady-eddy, dividend stock. Buy, put it away, sleep at night, you'll be fine. Not the kind of thing for his portfolio. 

He still likes it, but recently they warned that earnings will be lower. There's a lot of value in this company. Collect the dividend as you wait. The telcos are tired of this price war, so prices to consumers will become more rational in time. He hopes the group lowers expenses, stabilize or raise EBITDA margins and use technology to improve performance.

CRTC hasn't helped. Lack of population growth was not foreseeable. Interest rates went up faster than anticipated. Believes telcos will start to follow the US model and start to sell their towers, lots of opportunity to monetize to the upside by selling assets. He'd be really surprised if this wasn't a really good buying opportunity.

Still likes the name. He did sell some shares a few dollars north of here, but certainly not in registered accounts.

The telco sector has pulled back where debt levels are higher than in others. Immigration will fall in the next two years, which impacts subscriber growth, despite being an oligopoly. Price competition has been stronger than she expected. She avoids the sector.

Not intrigued. Still distracted and busy with integration of Shaw. CEO still under Parliamentary scrutiny. Purchase of sports franchise just adds to their leverage, without explaining how they're going to finance that. Could impact pace of dividend growth. See his Top Picks.

Competitive industry; harder to grow revenue, especially when costs are escalating. He owns Telus.

Not expecting major growth going forward. However, share price cheap right now. Very strong asset base across Canada. Good for income oriented investors. Would not be surprised if asset sales happen at company. Would recommend holding. 

Doesn't own any telecoms, but dusting off the files on some. Not this one. May have bottomed, courtesy of macro economic tailwinds and rate-cutting cycle. Exited the sector due to cutthroat price-war competition. Possible optionality down the road with MLSE as a spinoff like MANU.

He liked their recent report, including guidance projecting revenue growth, EBITDA and free cash flow. They did a deal with MLSE and another equity deal to delever the balance sheet. Patience will pay off, and you will be paid a 4% dividend to wait. Solid growth is ahead.

Remains in a downtrend, and we're seeing it in all telcos. Function of debt load and higher interest rates. Will especially come under pressure if rates go higher next year. Typically, these names clear off some debt and come through the tough period stronger and better than ever. But right now, it's a challenging time. Likely more downside.

He'd buy today, but remember that these are tough businesses over the medium- to long-term. Doesn't mean you have a long-term, high-revenue-growth business.

Telcos have lagged other yield sectors, and this creates an opportunity. He's buying all the telcos. This is his #3 choice in the space. Fell down his list because it bought the sports assets from BCE, and he wants cashflow from our telcos, not trophy assets.