Hidden Assets And Improved Cash Flow Make Rogers Communications A Buy
Summary
- Rogers Communications is an underappreciated stock due to a lack of interest in yield-paying assets, family boardroom drama, and an uncertain outlook after a big acquisition.
- The company's recent acquisition of Shaw Communications has expanded its wireline footprint and increased its subscriber base, which should translate into much higher earnings.
- Rogers' ownership stake in various sports teams are hidden assets that provide additional value to investors.
Analyst’s Disclosure:I/we have a beneficial long position in the shares of RCI.B:CA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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