RE:Bought Telus, sold RogersHey Dean
I totally think you made a most excellent move. I've never owned Rogers nor Shaw and have never really liked them. I also think the bid price was way too high.
My wife & I own both BCE and Telus and traditionally have liked BCE more, That has changed recently with a bit of a dislike for Bell Media and for BCE raising their divy when I don't think they should have, coupled wth having an improved view of what Telus is doing with some of their side businesses.
Take her easy
Sarge
DeanEdmonton wrote:
Sold the Rogers shares March 16th at $64, missed the very top of $65 and change, but it has dropped back to nearly $60 so timing was pretty good overall. Made some nice capital appreciation holding them, plus the good dividends. May end up regretting selling them but figured locking in the profits and re-deploying the money into Telus for now makes sense. Will keep an eye on Rogers and see what transpires with this potential purchase. I think the premium offered for Shaw is excessive, and I am concerned with the amount of debt/dilution needed to pull off the purchase AND build out 5G. May turn out to be overly cautious or even completely wrong but I don't think I am giving up much upside at this point. Figure Telus is a better bet over the next 24 months.