Q: Morning
It has been said
Buy a good company and hold on to it through market ups and downs
Would this saying apply to TELUS
Thank you
It has been said
Buy a good company and hold on to it through market ups and downs
Would this saying apply to TELUS
Thank you
5i Research Answer:
We see Telus as quite a solid company going through a very tough period of competition, higher interest rates and problems with some subsidiaries. Earnings are expected to be quite weak over the next two years. However, it has a long history of performance, the dividend is nice and secure with steady cash flow, and we think it can be held. But some patience is going to be required here.