Shopping - Telus - Fully valued marketsNobody is supposed to like Telus but at first glance it looks like good value. Yield is 5.6% relative to BCE's 5.8%. Telus' ratios (pay-out, price to cash flow, etc.) look much better.
The S&P/TSX Capped composite index is trading at 25 times trailing earnings. [Wow!?!!] The S&P/TSX Capped Telecommunications services sector index is trading at 14.2 times earnings which is much more reasonable but not low.
Two questions: 1) Is Telus a good buy to round out the Canadian telcomm basket? 2) (a) Buy now or wait for the broader market correction? 2 (b) Buy a little now and wait for the broader market correction to buy more?