Scotia Wealth Management
Latest Top Picks
0
0
0
0
0
Your Reaction
The unlimited data plans will hurt the telcos. Another headwind is the CRTC banning 3-year plans on buying cell phones. BCE is trading at a high 16.3.x PE and growing at only 3.5% EPS. But the good thing about BCE is that they're less wireless than its peers. You will get paid the yield but don't expect growth. Buy this at $55. In fact, telcos did well today when the markets dropped 2-3%. But he prefers Quebecor and Shaw.
The unlimited data plans will hurt the telcos. Another headwind is the CRTC banning 3-year plans on buying cell phones. BCE is trading at a high 16.3.x PE and growing at only 3.5% EPS. But the good thing about BCE is that they're less wireless than its peers. You will get paid the yield but don't expect growth. Buy this at $55. In fact, telcos did well today when the markets dropped 2-3%. But he prefers Quebecor and Shaw.
It's been tough on investors. VET claims that can support their dividend to $40 WTI, but we're getting close to that. They have 5% production growth, but prices are weak, so he doesn't see cash flow growth. When Canadian oil turns around, so will this, but now its chart is ugly.
It's been tough on investors. VET claims that can support their dividend to $40 WTI, but we're getting close to that. They have 5% production growth, but prices are weak, so he doesn't see cash flow growth. When Canadian oil turns around, so will this, but now its chart is ugly.
Cheap at 10.5x PE 2020, and pays a good dividend. They beat their Q2, guiding above the street. They saw a cyclical bottom in the first half of 2019, but the China-US war has worsened since then. They're selling their modem business to Apple. An okay play for the valuation, but there's no growth to 2020. Look elsewhere for better growth. It's fine if you hold it, but don't add to it.
Cheap at 10.5x PE 2020, and pays a good dividend. They beat their Q2, guiding above the street. They saw a cyclical bottom in the first half of 2019, but the China-US war has worsened since then. They're selling their modem business to Apple. An okay play for the valuation, but there's no growth to 2020. Look elsewhere for better growth. It's fine if you hold it, but don't add to it.
Only 2% EPS growth, he forecasts, trading at 15x PE. Good dividend. They are more exposed to wireless than BCE is. He has a $72 target. An okay name, but look elsewhere for growth.
Only 2% EPS growth, he forecasts, trading at 15x PE. Good dividend. They are more exposed to wireless than BCE is. He has a $72 target. An okay name, but look elsewhere for growth.
They just had earnings and warned that the US-China trade war is hurting them. He doesn't see growth this year. They are divorcing from Amazon and face higher costs with a recent integration. But beyond the 2020 hump (if the China-US trade war gets resolved) they will grow 10% EPS at 11.7x PE. It will grow again. Buy it when it's fumbling now. He likes it.
They just had earnings and warned that the US-China trade war is hurting them. He doesn't see growth this year. They are divorcing from Amazon and face higher costs with a recent integration. But beyond the 2020 hump (if the China-US trade war gets resolved) they will grow 10% EPS at 11.7x PE. It will grow again. Buy it when it's fumbling now. He likes it.
Much-improved balance sheet, but their lines 3 and 5 have troubles. They need line 3 to go through to grow. Line 5 is another headwind. It's okay as a yield proxy--the dividend is fine, but don't expect growth. Pembina and Transcanada are better.
Much-improved balance sheet, but their lines 3 and 5 have troubles. They need line 3 to go through to grow. Line 5 is another headwind. It's okay as a yield proxy--the dividend is fine, but don't expect growth. Pembina and Transcanada are better.
Comments
00000
