Canadian Large Cap Stock RCI.B
Rogers Communications Inc is currently trading around $29. Over the past year they haven’t had much growth in share price, in fact a slight decline. Either way you look at it, not all that interesting of a company to invest in. However this might be a good time to take out a position in the company. They have had the iPhone in their product line for over a year now and have worked out a lot of the issues related to it. Although the other networks will be picking up the iPhone, they are coming up against Rogers lead in the data marketplace with a brand new network that will surely have a lot of hiccups leaving some of Bell and Telus clients looking for “Canada’s Most Reliable Network”.
The company has a lot of growth potential as the overall marketplace grows and cell phones continue their way into a larger percentage of Canadian hands. The growth in smart phones are also increasing the monthly total billed to each client. These two factors show that growth is occurring in breadth and depth. And on top of this growth potential is a 4% dividend. So you get the yield of a bank with the growth of a tech.
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