BCE Inc.

BCE-T

(A Top Pick May 29/18, Up 18%) You have to be in the Telco space, not in the cable space. It is trading expensively. they have room to do more with the free cash flow they have and the 5G. Long-term hold.

BCE vs. AT&T. Two issues are currency and market size. Likes BCE's balance sheet better, but worries about ability to withstand competition if Canada ever deregulates telcos. AT&T has a lot of debt, and he worries about ability to pay it down and still pay the dividend. AT&T lives in a deregulated market. They're trying to pivot and be a data provider at a time when government's saying you can't sell data. The content war is big and rough. Would avoid the space.

Buy this for the dividend and don't expect much share price movement. BCE has raised their dividend 16 times since 2007. 5.31% yield that they just raised. They will continue to raise it. (Analysts’ price target is $61.44)

It is in a very competitive market. Recent results suggest the move to streaming is weighing on Shaw. There is increasing competition in the wireless space. It is too early to tell how they will do here. It is an oligopolistic industry so there are some limits to how high rates can go from here. It has a yield in excess of 4%. He would prefer to look at BCE-T or T-T instead.

It's more expensive than Rogers, but he prefers it. They have more wireline and more media. Well-managed. The 5% yield is very attractive. It won't rise much beyond $60. It's a safe place to park money and collect the yield. If it comes off, he'd add more, but not at current levels.

(A Top Pick Apr 04/18, Up 16%) Telcos are basically a tax on consumers. This is for investors looking for yield. A good company. Likes this very long-term.

He likes the name and sees it as an anchor in a portfolio. It has a great dividend and low beta with the market. It will be challenged with adding growth, but has been using acquisitions to do it and add new clients. It is definitely a hold. He would never own more than 5% in a portfolio in any equity.

Very overpriced. $45.70 is his target price. 5.2% dividend is barely covered by earnings. Hold or sell this.

Will Rogers or BCE benefit more from the new 5G system? BCE is national so it has an edge. It's approaching its old high in the $60s, and it could break out of that. BCE increases its dividend usually. Good cash flow and fared well in December 2018.

5 yr. hold? He does not own T-T -- it holds BCE-T instead. Interest rates impact these types of stocks. He thinks T-T may be able to continue increasing dividends, but they have exposure to Waiwae, so he wold be cautious.

It had a long downtrend in most of 2018, then has moved sharply up. The momentum is peaking now and he expects a short-term pause or pullback. The long-term chart looks constructive. You can take some profits then add during weakness.

Sell BCE to buy AT&T? Stick with BCE. AT&T's strategy to buy HBO is suspect and their balance sheet is suspect. Plus, you don't keep all the dividends (because it's American). Currency moves are also a worry.

(A Top Pick Feb 21/18, Up 12%) They're making fine progress in fiber to the home and capturing market share. Their wireless is also doing well. They regularly raise their dividend.