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Bullboard - Stock Discussion Forum Rogers Communications Ord Shs Class A T.RCI.A

Alternate Symbol(s):  RCI | T.RCI.B | RCIAF

Rogers Communications Inc. is a wireless, cable, and media company. The Company provides connectivity and entertainment to Canadian consumers and businesses across the country. The Company also has a portfolio of media properties, which includes sports media and entertainment, television and radio broadcasting properties, multi-platform televised and online shopping and digital media. Its... see more

TSX:RCI.A - Post Discussion

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Post by DeanEdmonton on Mar 17, 2021 3:48pm

Sold Rogers at $64

Sold the shares yesterday, missed the very top of $65 and change, but it has dropped back to nearly $62 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 elsewhere for now makes sense. Will keep an eye on Rogers and see what transpires with this potential purchase. I think the premium offered 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.
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