Probably this is the best risk/reward trade off. They have nothing downstream. It is well positioned to benefit from a recovery. They have a pretty good balance sheet.

It is an interesting company. He doesn’t know if it is a buy or a sell. They reinvented themselves as an online business. He does not know if the dividend is safe.

Under pressure because of the new entrant into the phone business. They have been under a lot of pressure. He prefers RCI.B-T because of ties to other areas, but this whole sector has been under pressure. BCE-T seems to be doing better.

You have to be a bit careful in the energy space. Energy stock could cut their dividend. He would not count on any big entity holding the line on their dividends.

He sold it to buy TCN-T, and then sold that. He would not own or hold this sector right now.

In Canada we like to hate our airlines. It has almost been the inverse of energy prices. A lot of its costs are in CAD$. A long as the price of oil stays low they will continue to benefit.

They had always done significant stock issues. Now that energy prices are a lot lower, they cut their dividend. It will trade in a range for a while.