Q: What do you think of telus or bce for income and some growth. is there a recovery in the near future.
5i Research Answer:
BCE is up 9% YTD and Telus 19%. Neither are perfect, and growth could be low, but they are certainly decent places to hide out in from the current market. BCE could still cut its dividend, but T recently raised its dividend and is likely OK. Valuations are low, and if interest rates fall both stocks could be interesting. They may have bottomed, but we would temper expectations for big gains here.