BCE Inc. (BCE.TO)

Ex-dividend today. Don’t buy more. Doesn’t think it will go higher from here. Sees wireless market not to be growing. Sees a saturated market.

3.35% Bond Maturing June 18/19. (Top Pick May 6/13, Up 2.03%) Lower in price but made a positive return because of yield. Less principle risk as you get closer to maturity. When you get within 2 years you exchange it for another 5 year bond unless you are in a ladder. Will continue to produce positive returns. Lowering principle risk. ‘A’ rating.

This is one of his core, and probably largest holdings. He bought it for growth and dividends. The company has increased its dividends a half a dozen times in the last 6 years. Has good cash flow.

This will continue to do very nicely. Has been gaining market share at the expense of Rogers (RCI.B-T). Started raising the dividend after leaving it untouched for 15 years. A nice, cozy oligopoly.

(A Top Pick June 6/13. Up 16.37%.) Loves this one. Has a great trend. All the different segments of this business are up and doing reasonably well. Some of these defensive names start to have a bit of seasonality here as we head into the summer through to the fall, so that might be a good time to add to your holdings.

Sold her holdings about a year ago. Her concern is the regulatory environment. Feels this company is going to be more challenged than its peers, particularly Telus (T-T), to grow over the next number of years. If you want to stay in this space, she would trade this company for Telus.

Doesn’t own any communication stocks and doesn’t expect to for some time. There is too much pressure coming into the market from 1) bundling and 2) we are seeing slowdowns in the growth of smart phones, etc. Doesn’t see much growth in this. If you want pure income, this is fine, but if you are looking for growth you should look elsewhere.

Telcos are not hugely interesting to him at this time. They are interest rate sensitive. Also, the federal government wants to take the oligopoly and make it pure competition. Within telecom, he would rather be in Telus (T-T).

(Market Call Minute.) Had a great run. Prefers Telus (T-T).

3.5% Reset preferred. This is sort of a fixed floater. It’s the old-style resets before we got what we have now. As you come to the reset date, it has not been predetermined what you will get at that time, fixed or floating, but the company is going to tell you what they are going to pay.

(Top Pick Jan 14/13, Up 24.02%) Dividend hikes as well. 5% position for him which is a strong position. The numbers yesterday were very good. They still have land lines, which are going away. Their pension obligations are not going away.

Likes their longer-term strategy. Have done well in the wireless area and also in the wire line area where they have a much bigger percentage of their operations than others. The decline in EBITDA is reaching that crucial point this year, where you will start seeing it stabilize or even increase. Have done a very good job in the Fibe TV segment. Their target is to increase earnings to at least 5% a year along with the dividends. Expects you will get 10% overall returns.

Likes it. It is not cheap any more. 5% yield, 15 times earnings. He gets an 8-10% on going rate of return.

A strong hold if you like income. It is unlikely ever to cut its dividend. There are, however, some CRTC issues and he would not buy until this is resolved. Don’t buy unless you are happy with only the dividend.

(A Top Pick April 19/13. Up 7.76%.) This security is bought as a substitute for bonds. Have been very good about increasing the dividends.