baddogg
Crew Member
My daughter works there and has shares. Not enough to retire on. Phoned me this morning giddy.
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- Thread starter Rain City
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Old Blue
Well-Known Member
Good for her!!! That's awesome.
cracked_ribs
Well-Known Member
I had about ten grand in SJR, they were my telco play. I had planned to shift more money in down the road because their dividend payout is really good. So I'm up about 4g this morning but if the deal gets CRTC approval, I'll end up more like 7gs in the green.
It's nice but at the same time...I really wanted that dividend payout long term. Now I'll have to find something else that I'm equally confident about it being undervalued, stable, and that pays out like that. It was going to be an income generator for me, long term. Granted I have about twenty years left to do the research.
Anyway I made pretty good money on that deal and will probably make more.
It's nice but at the same time...I really wanted that dividend payout long term. Now I'll have to find something else that I'm equally confident about it being undervalued, stable, and that pays out like that. It was going to be an income generator for me, long term. Granted I have about twenty years left to do the research.
Anyway I made pretty good money on that deal and will probably make more.
wildmanyeah
Crew Member
Do you think its gonna get approved? i'm on the fence about it lots of people phoning in on the radio this morning not happy.
cracked_ribs
Well-Known Member
Boy, I have no idea. Shaw was never one of the Big 3 or whatever so I think it's possible, but for sure I think a lot of people are looking at Rogers and their notoriously bad customer service etc and really not wanting that to expand.
I'm very torn, I could sell for good money right now but I THINK it'll get approved. I think.
Hard to say. I read some of the details of the offer and they've clearly written it in the hopes of enticing the CRTC with promises of expansion in Western Canada and more jobs etc.
But who knows; there could be political pressure to stop it, or to ram it through. I really don't have a good sense of how the current administration would break on that; the last one used telcos as a bit of a punching bag but this one? Not sure if they'd try to influence the decision, and not sure in which direction, either.
Lots of words to say man, who knows.
Captain PartyMarty
Crew Member
I personally think there is a major disruption coming in the telecom industry. I think in a few years when the tech matures, services like Starlink are going to kill off all the internet and mobile providers. I wouldn't be planning on them for retirement income......
cracked_ribs
Well-Known Member
Maybe so. I'm less confident in that because it's one thing to get that stuff rolling, but something else entirely to scale it up to the point that it's competitive with established players. But we'll see, I guess.
Of course I make the same argument about Tesla cars and that's why I don't own TSLA, which would have been nice to have a lot of the time for the last couple of years. But I'm still always skeptical about scaling up new, game-changing tech that promises revolution in an industry.
wildmanyeah
Crew Member
I just sell now if a company I own gets bought out. I've held though a few mergers and it takes awhile for the company to pull value out of it usual about 2 years after.
Shaws great you get paid to wait and i've heard there is a fairly good chance the merger will go though at the 40.50 price. Id still probably take some profits tho its a big win.
congratulations
Shaws great you get paid to wait and i've heard there is a fairly good chance the merger will go though at the 40.50 price. Id still probably take some profits tho its a big win.
congratulations
cracked_ribs
Well-Known Member
Yeah, I'm not sure about approval. I don't think Shaw and Rogers have much overlapping footprint, so potentially there's an argument that it doesn't have a big effect on competition, plus it sets up Shaw as a much better direct competitor to Telus. But I really don't know how the regulatory bodies will view it.
nicnat
Well-Known Member
I have some shaw in both mine and wife's rrsp, it was a nice way to wake up, lol. not a ton of it but enough to make me happy. not sure if the deal will close but think I'll hang on for at least this week and see what happens, I suspect rogers talked to at least some govt people before going ahead with this. I think the gap will close between the a and b shares, I'm holding the b's, if I had the a's I would've probably sold this morning.
EGLX had a nice pop today, earning out on the 22nd and a nasdaq listing in the near future, it looks really good.
EGLX had a nice pop today, earning out on the 22nd and a nasdaq listing in the near future, it looks really good.
wildmanyeah
Crew Member
Its not going to be the regulators that stop the merger its gonna be public backlash that force the hand.
regulators may make them divest overlapping business in certain market areas but they are unlikely to stop the deal.
regulators may make them divest overlapping business in certain market areas but they are unlikely to stop the deal.
Brian Reiber
Well-Known Member
Check out Chemtrade. Great dividend, and an industry that will be important during the post pandemic recovery. Debt is a bit high but the new CEO seems to be working hard on that.
nicnat
Well-Known Member
I have telus and shaw, about 1600 shares of each and some tmobile in the usa for my telecoms.
I worked at chemtrade for 38 yrs lol, they have a lot of debt and it's very cyclical, for a while the div payout ratio was well over 200%. it should be okay now but I sold all my company shares from the savings plan as soon as I retired as I have enough invested with them in my pension, lol, although it's overfunded and run by sunlife so should be ok, hopefully
Brian Reiber
Well-Known Member
Do you still follow the company? What are you thoughts on them going forward? (particularly the new CEO)? I bought a bunch in the early days of the pandemic and even after the dividend cut I think I'm still making 12%. Even if a person bought today it would still pay around 8%.I have telus and shaw, about 1600 shares of each and some tmobile in the usa for my telecoms.
I worked at chemtrade for 38 yrs lol, they have a lot of debt and it's very cyclical, for a while the div payout ratio was well over 200%. it should be okay now but I sold all my company shares from the savings plan as soon as I retired as I have enough invested with them in my pension, lol, although it's overfunded and run by sunlife so should be ok, hopefully
nicnat
Well-Known Member
I don't really follow it anymore, I know that 5i research doesn't like it much and think there could be a further cut to divy, it has very low growth and is risky. I own SPB which imho is a much better well run company with a nice divy. I wouldn't buy chemtrade but think it's a survivor.
Breakin"even
Crew Member
Fasten your seatbelts, stimulus cheques are in the mail. Surveys suggest up to $170B will be invested in the stock market
and $40B in Bitcoin by retail investors.LOL
and $40B in Bitcoin by retail investors.LOL
wildmanyeah
Crew Member
The market knew the cheque were coming perhaps it’s already baked in.
