Q: What's going on with Rogers? I know about today's sale, but even before that it was up well beyond the other telcoms over the last couple of months (20%). Was it just advance word of the sale leaking out?
5i Research Answer:
The purchase of Maple Leaf Sports was expected to close this week. The stock remains very cheap vs peers, at only 9X earnings. Today's move comes as BMO raised its target price to $57 from $55.