BCE Inc. (BCE.TO)

Numbers today were roughly in line with expectations. Focus on the long term. Aggressive price competition coming in the space. Telus and BCE will be impacted the most, earnings will soften. Immigration won't be enough to offset the hit.

High quality, blue chip. Strong and recognized brand. Conservative investment. Stable, recurring revenue. Diversified cashflows from its many businesses. Lower debt than peers. Stable management. High 5-year profitability close to 20%, whereas the TSX is 12%. Yield is 6.9%.

Loves the dividend of 6.75%, happy to hold. Share price has been tough lately, as with most telcos. In a rising rate environment, these dividends look less attractive. Hopefully, these names will look better in 2024 with lower rates.

The Wall Street Journal reported on lead sheafing (a health hazard) on cables in the U.S. This will costs ATA& and Verizon a lot to replace those cables. Canada is different with more advanced, newer cables, so the problem is smaller here. Rather, subscriber numbers, profitability and competition--all three look decent to him. Pays a 6.8% dividend which means doubling your money in 10 years. We could see a general pullback, so buy a tranche now.

Likes the space for income. Expects a bit of capital appreciation. Rogers buying Shaw may increase competition. Immigration should offset short-term price competition. Yield is 6.6%. 

Debt servicing costs are going up. Regulatory environment in Canada is uncertain. Consolidation in the communication space, driving price competition. Market share gains are really tough. As interest rates tick higher, dividend yield is less compelling when you can get the same return from bond-type investments.

It is a sideways moving stock in a trading range so buy at the bottom. He just bought it recently. Since it pays a 6 1/2 % dividend you can afford to hold it during the sideways movement. With sideways stocks in a trading range you know the downside.

Owns shares in the company.
Bullish on telecommunications business.
Very strong dividend (~6%).
Telus better pick, but BCE very strong business.
Would recommend buying shares. 
Good for long term investors.

Media business with semi-strong assets. 
Performance of business is good. 
Business consistently generating profits.
Good long term investment.

High yielders with high interest rates make it a tough environment. Not worried about the Rogers merger. Spent lots of capex on their network. Will continue to do well. BCE has laid off people, changing how their business will look. Really nice dividend yield.

Avoid all Canadian telecom names. Pricing pressure coming. 

Telecom sector is good exposure for income investors. BCE has the higher yield, close to 6%. Telus yields about 4.5%. Both increase dividend each year, generate free cashflow, build out 5G network. Immigration will be positive for the sector.

Stable business with strong dividend yield.
Not a growth company - don't expect capital gains.
Good exposure to media.
Does not own shares.

A recent buy for him. Largest telecom business in the country. Earns a higher return on shareholders equity of about 16%. Very consistent dividend grower. In a position of financial strength relative to all its peers. Yield is 6.07%.

ATD has more growth prospects. Total acquisition is really important, as it gives them more geographical diversification in Europe, and they get more stores. Acquisition was at a good price. Debt to EBITDA has gone up, but this is typical and will come down. Great job of buying businesses and integrating.

BCE has a 6.4% dividend yield. Reported decent numbers, except media division was hurt by advertising. Own it for a nice dividend yield that will slowly grow. 

ATD gets the nod, but he owns both.