Marvin Samuel Tolentino Pineda
Please note all $ figures are in $CAD, not $USD, unless otherwise stated.
Introduction
I've done a complete 180 on Rogers Communications (TSX:RCI.B:CA) (NYSE:RCI) (OTCPK:RCIAF) (TSX:RCI.A:CA). Back in
Rogers Communications: Strong Execution And Reduced Leverage Support An Upgrade
Summary
- I’m upgrading Rogers Communications to a 'buy' due to strong Q3 results, effective Shaw integration, and disciplined balance sheet management.
- Rogers reported $5.13 billion in revenue and record net additions, with wireless margins at 66% and cable margins at 58%.
- The $7 billion structured equity financing deal will reduce leverage to 3.7x, enhancing financial flexibility for growth and shareholder returns.
- With strong execution, reduced leverage, and a compelling valuation, I think shares of Rogers are attractive at these levels.
I'm an insurance Case Manager with a deep interest in investing. My investment philosophy is all about buying high quality stocks and great businesses. My favorite businesses are those led by disciplined capital allocators, earn exceptional returns on capital, and can compound their invested capital over long periods of time.
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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