BCE Inc. (BCE.TO)

7.65% bond due Dec 30/31? If you own, he would suggest you sell. He doesn't like long-term corporate bonds. You probably have done well on them, but he would like you to have something shorter term than that. You are going to give up income and yield if you sell them and he thinks Bell is going to make it to 2031, but rates could rise in the next year or 2. Long-term bonds are subject to price swings.

3.25% bonds maturing June 17/20. One of the themes in his 3 picks is quality. He is taking cautionary measures to guard against BBB bonds starting to underperform the market. Also, preservation of capital in these very low rates is #1 in his mind.

Performing very nicely this year. Great dividend return of capital back to shareholder story. Not sure there is a tremendous amount more growth. For Canadian telecoms, regulation is a constant headwind. If you own, consider taking some money off the table and look for other good dividend paying opportunities, such as insurance companies.

Generates good total return. Valuations across the board are fair and there are still prospects in this one for continued growth. They also have sports networks, and content.

There have been concerns over the last little while about regulatory environment for telecommunication companies. This company, very effectively, has been diversifying away from some of the purely regulated telephone and delivery of media into the content sector. For an investor who wants a stable growing dividend, this is going to be a very good investment.

Preferred ‘K’ series. Preferred market has lagged the bond market. They have in the past paid up, but he does not know how long they will continue to do that.

MACD never really came down. Has a pretty strong indication of strength. Looks like a pretty good place to be and it ranks well.

Doesn’t own any of the communication stocks. With all the turmoil going on in the industry and the possibility of a 4^th entrant, the competition is going to be severe. He has stayed away for the past couple of years. The dividend is safe, and if you are a senior and looking for flat to modestly rising growth, you are going to get this from this company. This one would be OK.

A defensive stock in a declining market and should hold up well here. 5%+ yield that grows on a regular basis. BA-T being taken on will sustain their cash flow. It is a good time to own this one.

It is pretty hard to find quality blue chip companies with yields over 5%. As people are exiting the commodities and economically sensitive stocks, they are gravitating towards the blue chip income producers, not economically sensitive. Dividend yield of 5.18%.

This is an interest sensitive stock. Has a yield of over 5%. His model price is $36.97, a negative 23% above what he considers Fair Value.

Thinks buying Bell Alliant (BA-T) shows a somewhat desperate reach for growth because there is not a lot of ongoing growth in the business now. This acquisition will add a couple of percents. Buy it for the yield, but don’t buy it for anything else. Thinks it is fully valued and wouldn’t surprise him if it is flat for the year. Doesn’t like the outlook for this business in Canada.

He is not in telecom right now. Likes the dividend yield on this. There will be volatility with events like a 4^th competitor. You are never going to go wrong holding this for the long-term. Prefers Quebecor.

Preferred Series ‘C’ rate reset shares. BCE used to be investment grade and no longer is. The company has been good to investors, but he does not think they will ever get back to par.

(A Top Pick Sept 18/13. Up 16.25%.) Still likes this. The telco sector has not been loved. It has broken its trend line, but corrections have to happen some way.