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BCE Inc. (BCE $33.64)
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Enbridge Inc. (ENB $66.73)
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Canadian Utilities Limited Class A Non-Voting Shares (CU $40.48)
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WSP Global Inc. (WSP $280.21)
Q: My wife owns BCE, CU and ENB in her TFSA. She has a 10-20+ year timeframe.
Would you rate any of the three as a SELL or trim?
Can you suggest a replacement to BUY in the Industrial sector.
Can you explain the reasons for the BUY/SELL? Thank You.
Would you rate any of the three as a SELL or trim?
Can you suggest a replacement to BUY in the Industrial sector.
Can you explain the reasons for the BUY/SELL? Thank You.
5i Research Answer:
BCE, CU and ENB we would not rate as SELLs. They all provide decent, quality income at reasonable prices. BCE is still in 'recovery' mode after its dividend cut and we would favour the other two. CU and ENB (and BCE) should benefit from lower interest rates. The former two have decent dividend growth records and decent outlooks. BCE needs to cut costs but it has started this already. We would suggest WSP for its global exposure, large backlog, current valuation and solid long term execution.