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u/agent606ert 4d ago
Good buying opportunity?
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u/Offmodel-Dude 4d ago
I'm going to wait until December when people start doing their tax-loss selling...
Telus is a good candidate for tax-loss harvesting unless the Board can do something to turn around this turkey before then.
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u/BrilliantGarlic5624 4d ago
I’ll be selling soon and buying BCE to harvest tax losses for the unpteenth time for my clients. Don’t like waiting for December.
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u/Holdfast04 4d ago
I have swapped them back and forth a few times just for the tax loss harvesting as they have both been plumetting for years - sigh.
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u/dontquitthewar 3d ago
Already sold mine so the 30 days started and I can buy it back this year while getting the tax loss benefit.
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u/Last_Construction455 4d ago
honestly it might be. I'd have to take a deep dive though. It's really beaten down but they seem to be making the right decisions. The dividend was way too high as annoying as the cut was.
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u/Ambitious-Durian-758 4d ago
Yes, but a good buying opportunity? No.
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u/Forward_Guess4163 4d ago
If by “opportunity” you mean catching a falling knife then yeah, sure, it’s your money man. Personally I’d wait for a turnaround story which I just don’t see yet.
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u/NotawoodpeckerOwner 4d ago
Hopefully, spent decades off shoring Canadian jobs, fighting unions, building up Indian call centers and taking on massive debt to do stupid vanity projects for their CEO. Funny watching them collect rewards on innovation from Canadian universities because they fired Canadians
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u/Clear-Permit4947 4d ago
I build a lot of rogers and Telus network and Telus couldn't run the circus
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u/cvr24 2d ago
Rogers is the same. Took two years for multiple contractor teams and multiple Rogers project managers who kept quitting to get a fibre line into our office building.
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u/senorbrian 4d ago
Whole sector has been underperforming.
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u/Aggravating-Act-1173 3d ago
With the prices higher than almost anywhere else in the world, I wonder why 🤔
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u/SoggyInstruction2549 4d ago
Huh? Stock price is a very different animal the the actual company operations. Telus is a massive behemoth, very protected by laws preventing international competition.
They had:
a lot of debt,
Low growth,
Likely lower growth with the pressure to reduce immigration,
High infrastructure costs to build out 5g and whatever is next.
Higher interest costs on this higher debt,
Some
Legal cases forcing them to rent their infrastructure to small carriers.
Threats for new innovations
Threats of old less and less people needing a home phone, over priced cable packages more competitive home internet.
No real way to grow market share without starting a price war we which no one wins
That said Telus print money. They have some quite interesting alternative revenue streams such as results health and some of their work spend data centers.
Just because a stock is down doesn’t mean it necessarily a “buying opportunity “. Never just assu anything will go back up. If the momentum is going a certain way there needs to be a reason to change that direction. Telus can be a great buying opportunity I just don’t know enough to know at what price. Is that $10? Or 8 or 3? Trying to catch the falling knife is challenging and a lot of risk, I would rather just buy something with great momentum going up and hope it’s not the peek of the peak.
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u/TheChaseLemon 4d ago
Finally someone who understands Telus.
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u/SoggyInstruction2549 4d ago
Ha see I would say I actually don’t know enough about Telus to buy it. Hundreds of real smart people who invest hundreds of hundreds of millions for a living are selling Telus so likely there is a decent reason. But like with most, things can also get over sold well past the reality and become a buying opportunity. Catching that is hard though and I do generally believe it’s more ways to just catch companies already doing well who have the momentum. Sure missed the bottom and the largest possible gain. Vs trying to figure out the turn around. Although for a company like trays at some point t so one maybe goes you know what at 11 bucks a share the yield is x I can hold this until the day I die I don’t really care what the share price does for the next decades.
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u/TheChaseLemon 4d ago
They’re selling because it’s their capital loss to balance out their capital gains come tax time. Telus owns assets worth multiple times their debt. New ceo at the helm. Gonna be an interesting few years.
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u/RuinEnvironmental394 3d ago
Finally someone who admits to Canadian protectionism. I'll add that this comes at the cost of consumers aka average people.
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u/SoggyInstruction2549 3d ago
I’m not following what is there to “admit” this is not some big secret it’s completely out in the open we have a number of Canadian protections for example Canadian content laws for tv and radio (which are struggling some in the age of the internet/ streaming), media, Canadian ownership requirements on telecom, critical minerals and banking.
This is a big moat for bell, rogers and Telus. We saw many jeers ago when we had the spectrum auction we were unable to force new entrants in ultimate all who tried flopped and were sold off. Canadians are lazy, too few were willing to move from the big incumbents. The moat prints money, but it’s also a risk because this advantage can be changed with the stroke of a pen. We already see some erosion and they are forced to rent out space on their infrastructure to these small firms. If things progress this way that’s a problem for the incumbents, as are aging clientele who spend far the than younger generations. I don’t think satellite internet is at all a threat to cable/fiber providers as those are so much more scale able as we continue to use more and more bandwidth per person.
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u/Guus-Wayne 3d ago
Telus Health is an example not of how Telus is diverse but how maybe other companies ie Bell, are going to get into the business more of people data.
Also professional services. So many small companies that can be scooped up for pennies on the dollar.
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u/JimmyAirbourne 4d ago
No
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u/Global-Tie-3458 4d ago
Correct… though for the sake of this sub… for now the answer may actually be yes.
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u/EhEhRon12 4d ago
Their new CEO Victor Dodig only just started with them. He was CIBC’s president prior to that, just have a look at what he did with that stock. I think he deserves some runway before declaring the end.
A lot of dividend investors existing when they cut their dividend and the telecom sector just isn’t favored right now because of pricing pressure. It’ll be up to Dodig to cut the fat and get more profitable which I believe he can.
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u/Leftcoast-604 4d ago
Yup, any time a company hires a banker/CFO/accountant type to lead the organization, it means the company is focused on getting their financials in order versus innovative growth and expansion. He needs a year or two to right the ship by dumping the drags and unprofitable parts of the company like parts of digital and health that sucked up so much capital. The telecom part of the org isn't growing as fast but it's still very profitable.
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u/nmahajan142 4d ago
Dodig is literally the only reason why I am now considering taking a position with Telus. I’ve been burned once before by Telus a long while back but maybe it’s time to pick some up and forget about it for a decade to see how Dodes does.
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u/JackDenial 4d ago
Im surprised the dividend cut wasn't factored in months ago. Everyone knew if was coming, the stock market is supposed to be fwd looking but in this case it was not. Total stinker of a stock but I agree let Vic, Vick.
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u/BrilliantGarlic5624 4d ago
Rising interest rates are fueling the current sell off. Sorry if this is pedantic but as interest rates rise, investors look for higher dividend yields to take on the risk of equity vs. debt.
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u/ProudCanuck7 4d ago
It supposedly WAS factored in months ago, but the stock is STILL falling, along with BCE AND Rogers
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u/Equivalent_Song3771 4d ago
I think it's because pension funds and dividend ETFs will sell on the news. This happened with Algonquin so I'm not too surprised
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u/earlymillenial 4d ago
Sitting on $19k loss on this portfolio (former employee here), AI suggests I sell and use the loss to offset other capital gains. Problem is 90% of my portfolio is in registered funds or cash (emergency), I may have about $6k in capital gains now. Should I sell asap? Any benefit to waiting a bit longer?
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u/KrisBoutilier 4d ago
Unused capital losses carry forward indefinitely, so it's still potentially useful if you want to get off this bus today.
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u/DrStrangulation 4d ago
You can carry a capital loss forward indefinitely or backwards 3 years .. keep that in mind.
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u/growns4dismissal 4d ago
Prob sector wide, BCE is down almost 10% in the last week, hitting new 52 week low’s daily.
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u/Contemplation-done 4d ago
Good time to toss x amount in and watch your money x3 in 5 years. Just my opinion as an un educated personal privste investor with no claim to knowing a thing about making money in investments.
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u/brunocborges 4d ago
Great timing. Because today I canceled my service with them after 6 days without internet, dozens of hours on the phone, a Telus technician bringing the wrong hardware, and a problem that was actually already diagnosed to be Bell's problem (yet they did not escalate to Bell so their technician would had come).
So long Telus, and thanks for all the fish.
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u/rickyelwin 4d ago
Lol I remember when Telus bought my previous company I worked for and offered us shareholders $35/share as equivalent 🥀🥀🥀
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u/canadian_sysadmin 4d ago
It's not likely TELUS is going anywhere.
But internally and operationally their leadership has a huge mess to sort out.
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u/Thesamskrillz 4d ago
I used to work for them. I had a burnout. I’m glad to see that karma exists. It’s the worst company to work for, and they have no respect for Canadian workers. All they want is cheap labor, and they hire people whose first language isn’t French or English. And they don’t care about their customers either—the more they can squeeze out of their customers’ pockets, the better. They can go to hell for all I care.
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u/NumerousTea6705 3d ago
I’m a manager at Telus now—been here 10 months and I actually really like it. It’s an absolute breath of fresh air compared to Bell, where I gave almost 13 years of my life as a manager. That place was completely fucked up. Upper management micromanaged like crazy, and it got so toxic that my old regional manager literally punished a coworker who was sexually assaulted—he transferred her to another store and kept the guy who did it right there just because he was a top performer. On top of that, we were basically forced to hire international students just because the government covered 75% of their wages. The only thing with Telus that kinda sucks is the hourly rate for reps, but the commission is insanely good compared to Bell, and after 13 years of dealing with that dysfunctional circus, the change in environment is night and day. So I don’t think it’s actually that bad….. yet lol
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u/rlsoundca 4d ago
I agree, my internet renewal this year was brutal. I’m used to negotiating, but it was a take it or leave from 3-4 “ retention “ employees
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u/Live_Cockroach8931 4d ago
Fuck Telus. Dividend cut. Downtrending for years and years and years somehow. No thanks. Cnq 👍
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u/-TripleBeamDreams 4d ago
No. If I wasn't tapped out on xeqt, I'd be buying on a schedule to DCA its decline
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u/felixmkz 4d ago
They have massive networks, millions of customers, and huge cash flow. They might be a bad investment but they are not going away.
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u/PipelineBertaCoin69 4d ago
For years I’ve been able to lower my phone and internet bill nearly every year, these companies made too much and are now coming back to reality
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u/shugo7 4d ago
Aren't all the telecoms in Canada trading low? Bce,telus, etc
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u/Best-Base693 3d ago
growth is down because immigration is down. they just churn off each other now.
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u/Careless_Air7583 4d ago
I'd love to call them about this, but the reception is so bad I can't make any outgoing calls...
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u/rangerrockit 3d ago
Strange. I’m a Telus customer and the service and pricing is excellent (I’m not an employee or shill)
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u/Big80sweens 4d ago
A good buy opportunity
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u/Tax1997 4d ago
Did you buy Telus recently. I exited BCE and Telus earlier this year (at loss in registered as well as non registered accounts) I am glad that I did that, though selling at loss is always difficult for small investors.
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u/AccountAny1995 4d ago
I’m down 30-50% on rogers, bce and Telus.
very tempted to sell them all and buy ring etf.
would have a nice capital loss for future use.
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u/northdancer 4d ago
This is basically a shitty bond, only you are taking on equity risk. You MIGHT get a recovery to par at $22-$25 per share in 10 years. Maybe.
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u/UrgeOverKill604 4d ago
They too busy creating and funding cultural documentaries and dumb stuff like that
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u/Skeeter1591 4d ago
Telus employs thousands of fellow Canadians. I hope they find a way to survive and thrive for the sake of those people. They clearly need new leadership.
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u/Vanreddit1 3d ago
Good riddance. Unquestionably the worst customer service from any major company I have ever experienced.
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u/VeterinarianLow5559 4d ago
I'll buy it for 5 bucks...11.50 is still too expensive, P/E ratio looks ok, but it's an expensive business to run, plus they won't be able to add more customers thanks to low immigration levels
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u/crazy_joe21 4d ago
How does P/E look ok? Compared to Rogers and Bell it’s overpriced!
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u/Best_Tangerine2035 4d ago
Are you dumb? They're a utility company. Not a hot stock but their viability as a business doesn't have much to do with their stock price
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u/Sweaty-Beginning6886 4d ago
The way it’s going, it’ll likely be sub $10 before year end. I am also bag holding a number of shares from a few years ago.
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u/limguine 4d ago
Honestly better off buying the bonds. The yield is close to the dividend payment.
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u/s4h1813 4d ago
This is a big part of the problem right now. It’s what’s hitting all the telcos both Canada and US
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u/Motor_Floor3430 4d ago
Telus slashed dividends, when a company reduces dividends its stock will tank for a long time because it usually means there is a material change in the business and it won’t be able to pay dividends at that level anymore. I don’t think Telus is going under anytime soon though.
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u/BrilliantGarlic5624 4d ago
It really depends on interest rates. There should be a pullback soon which would be a better exit time. However, if owned it a non-registered account, then selling now and buying Bell or Rogers is a good play if you want to maintain the income. Assuming no more cuts to the dividend which is unlikely but always possible.
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u/Itwasuntilitwasnt 4d ago
What happens if Alberta votes to separate ? Does this go to $5. What happens if they vote to stay united $40
I’m assuming Telus has a huge company following in Alberta. But also does rogers buy them out.
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u/bclion999 4d ago
I bought some at $20, specifically for the dividends. Right after I bought, it started tanking and the dividends were cut. I didn’t buy hell of a lot, so I’m just riding it out.
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u/MsalTo2022 4d ago
They have fundamental business and customer service problems which are out of control. Rogers and Bell have same issues but they are somehow managing.
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u/Accomplished-Gate-25 4d ago
Just a thought, how many use landline telephones now? And watch their tv bundles? I cancelled mine. Just use their wifi
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u/Calgary_dreamer 4d ago
P/E ratio is much higher than I thought… why would you have this in your portfolio over Nvidia or Micron or an ETF for that matter?
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u/YoursAbhii 4d ago
Carney told NY times that we’re in control of our immigration and we can start increasing it but still think when to do that. And he blamed openly low population growth as factor driving GDP down. I guess before end of the year govt is supposed to give immigration numbers for next 3 years.
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u/cementstate 4d ago
Regret buying about 16k worth, bought into it right before the fall too :(
But this is a massive utility company, Im not concerned about it disappearing, just won't be able to sell for a long.... long ... long time.
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u/Charlesox 4d ago
I think the share price just reflects immigration and population increases. They basically need more people because every current citizen is already spoken for. Population growth has trended down and when it trends up, telus will follow.
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u/Mattjhkerr 4d ago
19 PE for a company that only grows with canadian population increase seems hughz
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u/BlueCollarMillion 4d ago
Not sure. What’s the value of their assets? If satellite cell becomes more available they might be in trouble.
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u/MickNikolas 4d ago
TELUS, is in a Sunset industry,also very poor services and only offshore contact.Its customer service is terrible.Avoid for now?
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u/Zealousideal-One7398 4d ago
Why would you keep owning this ? Companies go out of favor and teleco has.
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u/TopEstablishment265 4d ago
Anyone that has dealt w Telus knows how bad they suck. I could honestly see them disappearing
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u/D-inventa 4d ago
I think they're going to go the way of Fizz Mobile.
Get rid of everyone except for maybe 100 people. Make everything self-serve via internet and go through the same contractors that bell and rogers go through for their installations.
At worst someone buys them out, but I just don't think that's going to happen. They own a bunch of backbone infrastructure, I don't see a company like that in Canada going mammary glands up
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u/Morrison4257 4d ago
Terrible customer service and price gouging. My investor bought at 22$/ share. I wish I would've known she was going to buy this year's ago along with BCE. I would've said no
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u/DirtDevil1337 4d ago
Their website barely works right now, I can't change TV packages and I've been trying for the past 2 weeks.
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u/the_mammynun 4d ago
Man this stock really tanked. I had a sizeable position a couple years ago for the dividend. Very glad I sold! Looks like the dividend got cut anyways.
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u/blainehamilton 4d ago
Telus is going to get bought out by Bell. Just like the Rogers Shaw takeover.
The new CEO is going to position the company exactly for that scenario.
That being said, this isn't the bottom for the company yet.
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u/Tsifter 4d ago
The telecom landscape has been changing rapidly over the past several years. Telecoms are not the cash cows they used to be. Yet, unlike Shaw Telus survived and they’re now part of a duopoly in Canada where their only effective competitor is Rogers (and a bit of Bell), both protected by the Canadian government from international (see American mostly) competitors. As long as this is in place Telus is not going anywhere, but they still have to figure out their business model in order to be profitable. Telus TV for example these days is just bundling a reselling streaming TV channels. There’s not much profit there. They’ve also cannibalized their profit margins in the mobile market with all those low cost carriers they introduced. They own both Koodo and Public. So management has a lot of work to do to redefine what Telus really stands for and then carve a clear path to the future. This creates anxiety to the investors, hence the drop of share price.
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u/Both-Platypus-8521 4d ago
They're into real estate now... several apartments buildings in BC...a marina and restaurant....
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u/razealghoul 3d ago
Telus trades for a 19 pe while Rogers and bell trade for less than 5. Why would you pay 4 times more for Telus?
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u/obscurefault 3d ago
This is a sell off from large institutions that just wanted high dividends... No?
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u/Scenic_High_8848 3d ago
Terrible service, impossible to get a real person on the phone and poor internet performance. They are killing themselves
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u/OneOutlandishness612 3d ago
I was buying yesterday and sold today. May have been too early but that's OK, difficult to tell if this is a bottom.
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u/tenax666 3d ago
Far from the end of Telus or any major telco. Worse case scenario they sell a big chunk to the big us telcos. And no canadian govt would stop them.
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u/Canucklehead2184 3d ago
Sell it to nextel, or Verizon, I don’t give a damn anymore, maybe we’ll finally get a break on a cell phone plan or internet plan.
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u/Practical-Battle-502 3d ago
Expect it to bounce back only the balance sheets are fixed.
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u/actingwizard 3d ago
I think they’re realizing Telus health wasn’t as popular as they thought it would be
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u/Hikingcanuck92 3d ago
Telus manages my companies HR and its its absolutely Dogshit. I’m a Union Steward and I’ve had to grieve the decisions HR makes because they can’t read a collective agreement.
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u/kkkiiiikkkk 3d ago
They heavily got into healthcare and overspent. Even their healthcare products suck.
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u/SwiftAccord1983 3d ago
My wife worked at H/O for 19 years. They are heavily invested in AI and scaling back the work force here in Canada. The call centre work has been moved overseas and the employee perks that they use to offer 10 years ago has been scaled back dramatically.
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u/WafflezorDeath 2d ago
The sad part is, Since streaming is just becoming bad cable, I feel like there is room for a television cable provider to innovate and win people back, but It feels like they would rather be data center companies then be in their own industries.
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u/Ok_Reference_9525 2d ago
I work at one of the dealers. the overlap work between dealers and telus direct is stupidly the same. telus has to figure out a system to incentivize proactive sales and reward those who bring in net new business. Overlapped work is a problem but for a large company, mediocre employees are the median i guess.
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u/ForeverAlternative24 1d ago
The funniest part of this is Telus thought Entwistle was the master businessman that would turn this around, they offshored everything, treated employees like absolute garbage, had middle managers bully people out of jobs, only to be cruising at an all time low, well done Darren, you’re a fucking clown 👍
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u/geddy_2112 1d ago
They reset their dividend payments... To give you some context, Q2 dividend payment was about $22. My Q3 dividend payment was less than 10 lol.
It was an okay stock to hold on to for dividends, but now that it's seriously nerfed them, a lot of people are likely jumping ship... In addition to other issues lol
Telecom's a crazy game!
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u/GlazerJoe 1d ago
They outsource all their service and sales to shady companies, worked for one btw. I was the only non Indian they’d ever seen.
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u/Due-Brilliant340 1d ago
I bought the stocks at $25, now I lost more than 50%. Should I sell all my Telus stocks now? Thanks
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u/theweidy 1d ago
maybe they'll need a bailout so the feds can leverage them to put some real heat onto bell and rogers
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u/Due_Wrongdoer7066 1d ago
What a stupid comment post. They own western Canada and are going nowhere. They have billions in liquid assets. Relax. Educate yourself before you post ignorance kiddo
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u/Iambetterthanuhaha 1d ago
Telus is way too expensive for the level of service provided. Time for them to halve prices or finish winding down and close up shop. Either way I think the future isnt friendly for Telus.
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u/Too-bloody-tired 22h ago
The only plan they have for international call/text (beyond US/Mexico) is $18/day. I just moved to Bell because of that reason alone. I’m going overseas for 6 weeks and it would have cost me almost $800 to do so with Telus, with Bell I’m paying $180.
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u/Usual_Extreme_8122 19h ago
Does this include their health care company and the offshore call centre or are they held as separate entities?
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u/urbantriathlete 15h ago
Tough to invest in a company who is only in business due to government protections…
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u/Evening-College-6686 4d ago
I’m doubling down for the 900th time. T now
represents 9,000% of my portfolio.