Telecoms, REITs, and utilities have all been down for a while now. It has even become confusing to know which company to buy and which to sell. This is what we will look into.
You’ll Learn
- Let’s start with the telecom industry. Why is it a difficult time for them?
- Mike has never been a fan of US telcos. Has anything changed for AT&T and Verizon? Would you buy or sell them?
- The Canadian options used to be better choices. However, things are turning sour for BCE and Telus. Do we still see a positive future for them?
- Are there any telecom companies worth buying, or has it become an industry to avoid?
- Let’s move to REITs. Again, interest rates have greatly impacted them. What else is hurting the sector?
- On the sell side, we have Slate Grocery (SGR.UN.TO), Plaza Retail REIT (PLZ.UN.TO), Crown Castle (CCI), and Macerich (MAC). Why should investors let them go?
- The good news is there are still some good choices that would fit in a long-term investment strategy. In the US, you’d go for Realty Income (O), National Retail Properties REIT (NNN), and Vici Properties (VICI). What makes them potential buys?
- On the Canadian market, CT REIT (CRT.UN.TO), Granite REIT (GRT.UN.TO), and InterRent REIT (IIP.UN.TO) are the ones to buy. Why is it so?
- Now, what’s the story around utilities? Why are they all down?
- We couldn’t do this episode without talking about Algonquin, which has cut its dividend for a second time. This one is just bad, right?
- Other utility companies on the sell side are Suburban Propane Partners (SPH), Northland Power (NPI.TO), and Innergex Renewable (INE.TO). Why should investors wave them goodbye?
- The actual context also made some candidates attractive in the US market. What would be the investment thesis for Xcel Energy (XEL) and American States Water (AWR)?
- Canadians also have good contenders in Capital Power (CPX.TO) and Hydro One (H.TO). What’s to like about them?
- What are the big differences between the ones to sell and the ones to buy? How can investors quickly identify them?
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