A T & T US

T-N

Telcos, globally, will continue to do well. This company has a very attractive catalyst if the T Mobile merger gets consummated. It will raise profitability significantly over a 2-3 year time frame. 6.2% dividend.

This is a good holding but at this point, Verizon (VZ-N) might be better value. Feels you get a good yield with Verizon plus a little more growth.

His model price is $30.93 and this is dead on. Doesn't see a whole lot of capital growth in this company. 5.5% dividend.

There are better global telcos than this one. For a conservative investor looking for a reasonable yield pickup, it has been a very good strong story. Growth and yield of 5.6% is not as good as others such as Windstream (WIN-Q) or CenturyLink (CTL-N) with over 7% yields.

Will deal going on with AT&T have any affect on Canadian? Our telecom companies would be more attractive but regulatory limitations prevent they being taken out by a foreign company.

Getting some competition and expects Verizon (VZ-N) will take some market share. Expect there will be some leveling off of earnings in 2011 and then re-accelerate at a modest pace in 2012. Trades at about 12X earnings and has a fabulous dividend of over 6%. Not a bad place to be.

Problem is that they have 2 forces 1) wire-line which is struggling and 2) wireless side is doing well. This makes it a relatively slow grower but a great cash machine. Good dividend.

(A Top Pick Oct 14/09. Up 17.27%.) Considering switching to a similar company such as Vodaphone (VOD-Q).

Produce a lot of cash, but are challenged in growing because of wire line is holding them back. It’s a good holding for a defensive piece of a portfolio.

Old telecom companies are having a great go of it. Fixed wire line has become less important and all of them have gone through restructuring for wireless. Average revenue per customer is rising because of the success of smart phones. Great dividend yield.

Verizon (VZ-N) and AT&T (T-N) are major telecoms. Yield in excess of 6%, which is attractive in an environment where a 10-year bond is 2.75%. Could be a trap where you go for yield but capital depreciates. Doesn't think this is the case. Great cash flow, which they pay in dividends but also build out networks. Drag is their wire line business.

Compares poorly with Canadian telcos. Its network is terrible and in need of a huge upgrade.

(A Top Pick Aug 25/09. Up 8.23%.) Strong dividend yield of over 6%. Still likes.

Great story at these levels. Double-digit earnings growth going into 2011. Smart phone and the phone business is going to grow so is expecting higher margins. 6.5% yield.

Long or short-term is not exciting on this one. Sector is not growing the way it used to. Valuations are cheap but he expects it will stay cheap. Dividend is safe and will grow a little bit.