RE: RE: RE: RE: RE: Shaw Communications SJR-B.toI bought BMO in the March period and have been fortunate to have made wonderful gains. I sold 85% of my position took all my money off the table so to say and still have a core position that I am not in no hurry to sell. Sure I agree near term the Market Capitalization could fall but I also am more long term minded. I look for BMO to continue to outperform as lower interest rates will continue to improve their arbitrage spreads. Also a continuing of the economy stabalizing and it could be a big plus for the banks in the terms of new loans and mortgages as a result of increased economic activity. I hold a US bank that I feel is very stable and will come out of this recession bolting from the gate and snatching up market share. Long term I see a large margin of safety with incrediblible upside potential. Aside from that I also believe as has been said that Shaw is a good company. This I agreed with too and bought it on a pullback, still only up single percentage but I think it has good potential for double digit growth if it can continues to act shrudely in growth. I have added to Manitoba Tel. as well. Wonderful company that has been reducing leverage over a 5 year annual. Has some interesting subsiduaries, on in particular that is entering into an alliance with Rogers to gain network access. It's Dividend is phenominal at 8% which I feel is sustainable due to their strong financial health. Problem is growth aspects, they have not pursued much investment outside of Manitoba, except in the case of some lines of their business. Still if a company produces high earnings and does not feel it can any better invest them then it is best to return them to shareholders. This I feel is MBT's case. I feel it is potentially a takeout target if someone wished to gain solid entrance in that territory. Could be a nice addition in Rogers run for the top. Good luck all.
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