2013-02-22
| Signal | Price | Bias | Subject | Owned |
|---|---|---|---|---|
| TOP PICK | $42.550 | BULLISH o n CDN DIVIDEND STOCKS | CANADIAN DIVIDEND | Yes |
Cable operator in Ontario and Québec. Has been cheap for a long time. Just did a US cable company acquisition. Had a checkered past with acquisitions. Typically trades at 1.5%-0.5% discount to the group to EBITDA and is currently at the bottom end. Looks like there is some low hanging fruit on their US acquisition. Expects to generate 11% free cash flow over the next few years. 2.44% yield.
Jeff Young
Sr. VP & CIO,
NexGen Financial