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Rogers Communications Inc. Class B Non-voting Shares (RCI.B)
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Rogers Communications Inc. Class A Shares (RCI.A)
Also, is the current share price of RCI at a good price to buy it or would you wait for it to drop some more?
And what class of shares would be better to buy (Class A or Class B)? Please explain why. Thank you for your insights.
RCI is not necessary 'better' than the others but is different, and it depends on an investors' goals. RCI has always been a more aggressive choice than the other two, with a less-diversified set of business. Debt has typically been higher, but EPS growth has historically been stronger. Now, with the Shaw acquisition, we would expect this to continue for a while longer. We think RCI may grow faster than the other, but also carries more debt and market risk. But it is an equally valid choice for an investor who understands the differences. RCI has not raised its dividend since early 2019, for example, as it has specifically noted it wants to pay down debt instead. The other two have much better dividend growth records of late. But at 12X earnings we would consider it buyable in the $52 to $53 range for income and growth. We would prefer the far more liquid trading Class B shares.