19:40:17 EDT Sat 18 May 2024
Enter Symbol
or Name
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CA



Telus Corp (2)
Symbol T
Shares Issued 1,446,822,533
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Globe says Telus seen as good bet for the long haul

2023-07-17 07:38 ET - In the News

The Globe and Mail reports in its Monday edition that Nick Szucs, Canadian equity analyst and portfolio manager at Leith Wheeler in Vancouver, is keen on Telus as a long-term holding, being 10 years or more. The Globe's Brenda Bouw writes that Telus provides critical technology infrastructure for everyday life. Data download size and speed will increase with the exponential growth of apps and digital services for businesses and consumers. The company has future growth through three additional global businesses: Telus International, Telus Health and Telus Agriculture & Consumer Goods. The company also generates significant free cash flow and has a strong and stable dividend. On the cautionary side, the company's core services such as Internet, mobile and cable are highly regulated and face price scrutiny from consumers, politicians and regulatory bodies. Building out Telus Health and Telus Agriculture & Consumer Goods to a critical scale requires capital and integration discipline. Ms. Bouw says that investors can potentially see huge gains when they stick with a security long term, through market ups and downs. The trick, of course, is to choose the right investments.

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