Kenny Yang
Value, deep value, contrarian

Rogers Communications: Overlooked Telecom Because Of Perceived Competitive Risk

Investors often place a higher multiple on an industry leader, but when it comes to the Canadian wireless industry, investors do the exact opposite. Rogers Communications (NYSE:RCI), Canada's largest wireless company, is in the doghouse because of its strength, not weakness. While there is considerable regulatory uncertainty in Canada regarding wireless, I believe there are numerous positives that are often overlooked.

Rogers is a stock that was on my cheap value screen I published earlier this month. This article explore the bullish thesis in more detail. All figures are in Canadian dollars, which is the company's functional currency. Rogers is also traded on the NYSE and I have provided a US dollar price target.

Investment Thesis:

With the...

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