Rocky-B

Weekly "Focus" and “Rocky-B”: This week’s "Focus" from our economics team is available in our Resources Tab under Economic and Market Updates. Click on the link 

If you are watching the television series Succession on HBO or Crave, you may be getting some insight into the family dynamics playing out at Rogers Communications*. The Rogers family is at war (son vs. mother and sisters) and the family controls the company through the Class A voting shares. Investors typically own the non-voting Class B shares, which trade under the symbol RCI.B. As is their wont, traders like to give nicknames to companies so the name for the shares of Rogers is “Rocky-B”.

The outcome of the current battle is now in the Province of BC courts and the judge’s ruling is due today. One of the biggest trends in the investment management industry is looking at companies though the lens of ESG – the Environment, Social responsibility and Governance. Not sure how Rogers Communications scores on E and S but most undoubtedly now scores an F on the G and this is weighing on the performance of the shares versus its peers. Company Return in 2021 Dividend Yield BCE* (BCE) +18.4% 5.5% Rogers Communications (RCI.B) +1.1% 3.4% Telus* (T) +12.3% 4.4%


Have a great weekend and please stay safe,
- Brad

Bradley Goldhar
Senior Portfolio Manager and Senior Investment Advisor
416.359.6650 (direct) | 416.359.7219 (fax) | 1-800-263-1883 (toll free)
bradley.goldhar@nbpcd.com
www.goldhargroup.com
 

 

Source: ThomsonOne, Values as of November 4 Source: (i) ThomsonOne Please note: We cannot take trading instructions via email or voice mail, please contact your Investment Advisor directly. For disclaimer details, please click here: http://www.bmo.com/nesbittburns/popups/about-us/disclaimers. BMO Nesbitt Burns Inc. (“BMO NBI”) provides this commentary to clients for informational purposes only. The information contained herein is based on sources that we believe to be reliable, but is not guaranteed by us, may be incomplete or may change without notice. BMO Wealth Management is the brand name for a business group consisting of Bank of Montreal and certain of its affiliates, including BMO Nesbitt Burns Inc., in providing wealth management products and services. ® “BMO (M-bar roundel symbol)” is a registered trade-mark of Bank of Montreal, used under licence. ® “BMO Nesbitt Burns” is a registered trade-mark of BMO Nesbitt Burns Inc. BMO Nesbitt Burns Inc. is a wholly-owned subsidiary of Bank of Montreal. BMO Nesbitt Burns Inc. is a Member – Canadian Investor Protection Fund. Member of the Investment Industry Regulatory Organization of Canada. You are receiving this email because you have expressed an interest in receiving emails from me. You may unsubscribe if you no longer wish to receive commercial electronic messages.

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