Investment Q&A

Q: Greetings 5i team, I need to harvest some tax losses and these 4 stocks are my candidates, my question is regarding buy back strategy. (1) I intend to buy back PFE but in my RIF vs CASH account; (2) I intend to buy back both ILMN and BCE; (3) not planning to buy back FSZ; (4) not planning to use proxies for any. Does this make sense or would you do it differently? Thank you.

Q: Good Morning,

Here's a "What would you do?" question.

Retired income investor, Like to yield at least 4% on any equity. Look forward to dividend increases.

Regarding BCE.

Hold 330 shares in cash account. Down 51%. Effective yield 2.54%.

Hold 1,100 shares in RRIF. Down 39%. Effective yield 3.15%.

May be wrong but I don't see the dividend growing any time soon.

Thinking of booking a loss in my cash account but unsure about RRIF. Do you see appreciation in nearish term

What would you do?

Thanks,

Dave

Q: Good morning,
I was looking to buy some of a Canadian telecom stock and was wondering if you had any preference between Rogers, Telus, and Bell?
Thanks

Good morning,

Follow up to my previous question. Which company do you think would perform best in a higher inflation environment? Also do you think the the Telecom sector could perform well in an inflationary environment and what other sectors besides hard assets would perform well.
Thank you very much.

Q: I have all small positions in those equities … which one or 2 would you increase in size at the present moment?

Q: I hold these 3 stocks for income and have seen capital erosion in recent years with weakness in the telecom sector. In terms of industry concentration, how much overlap is there between the three (Telus has held up best), would you recommend letting one or two of them go, which one(s), and what would you recommend in the general sector as a replacement (US or Cdn)?

In particular, I am curious about BCE's prospects following the US acquisition after selling MLSE stake, dividend cut, debt, and scaling back of capex.

Q: Could you comment on BCE second quarter 2025 results? Thank you

Q: Hello

Can you please comment on Laurentian Bank. I am very disappointed in this company as the price has fallen significantly in addition to dividends cut a few years back.
its in my registered account, so cannot utilizes the losses
My question, Do you think that they are a potential take over target? Perhaps TD?

With BCE, again very disappointed in this company. With their recent dividend cut, do you think we have seen bottom on stock price? I do see that it has had some growth lately, but it has a long way to go

With CGO, Do you think that their is an opportunity for both Telus and Cogeco to merge? Or see CGO as a take over target now?

Thank you

Q: Now that BCE seems to have washed out is it perhaps investable again?

Q: Good morning

I sold BCE for tax loss selling on May 16th and it settled on May 20th. Just curious if I wanted to buy it back when can I do so?

Thanks
Jimmy

Q: I have held BCE for about 3 years now. Cost of $20K and it's worth $13.5K now. Down $6,500... 34%. Wondering if it makes sense to sell half of my BCE (about $7K) and buy $7K worth of Telus to try and leverage any potential gains across both rather than just one. I guess, wondering if splitting my investment across two of these telco's makes sense ... and a brief reason as to why (or why not) I should do it.

Q: Hello, I would like your opinion of BCE. I have had a position in BCE, on and off, since 1996. I sold it last year for tax-loss reasons, bought and sold it again twice since for tax-loss reasons again, riding it from 48$ to 29$ recently. From June 26th, I will be able to buy it again after 30 days, probably at or below my last selling price. I suspect I suffer from « official » loss aversion by wanting to buy it again instead of moving on and buy something else, like BTB REIT, for income (like BCE), for less capital and the same income without income tax as a bonus. So, if I were a potential new investor in BCE, for income and some growth, would you recommend it for a long term hold? Are the dividend cut and PSP investment enough to lift BCE out of its hole? Thanks!

Q: I hold a small position in BCE. My thinking is that other than the dividend (yield), it is pretty much "dead" money for the foreseeable future. I could replace it with Telus, but I'm not impressed with its performance over the last few years. Taking sector & industry out of the equation, are there some other stocks that you like better [preferably with the potential for growth / share price appreciation & a (growing) dividend] that trade around the same price as BCE or less? Thanks once again for your great service.

Q: Hi Peter and 5i Team,

An article in the Globe & Mail (May 27) was titled:

“Telus to invest more than $70-billion in Canada over next five years to expand infrastructure”

Given that its payout ratio is now approximately 100%, and if interest rates should rise while there’s a slowdown in the economy, is this a prudent decision for Telus to take? Having recently sold BCE at a loss, and still owning T, are my concerns justified?

In the Communications Services Sector, we also have a small position in QBR.B, which is doing reasonably well so far. Its debt leverage is the lowest among its peers, which I believe to be an important metric at this time.

Thanks in advance for your insight.

Q: If I would like to choose between these two in communication sector for income and long term, which one would you recommend? Thank you.

Q: BCE has given up much of its post-dividend-cut rally - not to say that the cut was a bad idea, and maybe there's a support level lurking somewhere here. At the same time, I find myself wondering just what BCE's value proposition could be, now, to make it more attractive than T (or, for that matter, BNS or PPL, which offer similar yields)? Put another way: if investors have no reason to buy BCE other than income, and if declining interest rates are the only meaningful catalyst for share price appreciation, then, post-cut, isn't it at least as likely that it will continue to decline?

Q: I am a longterm dividend investor. With the dividend cut now out of the way, do you consider BCE a BUY or a HOLD for acore, longterm holding, or should investors exit this sector? I am currently underweight this position. Thanks.

Q: Thoughts on BCE post dividend cut?

Q: Hello

Which of these 3 major Canadian wireless service providers is the best/safest buy at the moment taking in to account capital gains going forward and dividends.

Q: I need to liquidate a portion of a portfolio holding the 8 stocks listed. Can you please rank them in the order you would sell (first to last) based on potential for total return over the next 3-4 years?

Q: Hi Peter and 5i Team,

It now seems certain that BCE will be forced to cut its dividend. Based on your experience, what is your "crystal-ball" prediction on the effect such a dividend cut would have on the share price?

Incidentally, as BCE shareholders in a RRIF, we recently voted against the CEO and every single board member. I suspect that the upcoming AGM will be a rather robust event, putting it mildly. For us, and so many other small retail investors, we had faith in this "dividend aristocrat" and "safe widows and orphans" stock. Thank goodness 5i always stresses diversification, but the almost 50% decline in SP for our BCE holding is hard to take.

Thanks in advance for answering this question, and for reading my "rant".