First stock in the clip. GLTA
https://www.bnnbloomberg.ca/video/ryan-bushell-s-top-picks~2166401
Telus (T TSX) Most recent purchase $26
Following my recommendation of Shaw in early January the cash takeover would seem to be positive for Telus. Competition is not likely to change and now there are billions of investment dollars previously allocated to Shaw that need to find a new home. At the same time Telus’ core business is doing well and the recent sale of Telus International at a strong price puts Telus in a great position to be the leader in the Telecom space in terms of dividend growth off an already attractive 4.75 per cent dividend yield.
TOP PICK
Telus Corp
(T-T)
March 23, 2021
The Rogers-Shaw deal will rotate money out of Shaw into peers like Telus. But what will happen with this deal? Will it be approved? Will there be clauses, if approved? The recent sale of Telus International added cash to their balance sheet. They can grow their dividend at an outsized rate. It pays a good dividend and Telus will attract more capital from the Shaw deal. (Analysts’ price target is $28.98)
TELEPHONE UTILITIES
Ryan Bushell
Price
$26.460
Owned
Yes