Portfolio Change – Rogers Communications

RCIFollowing a weak earnings report, tepid guidance, higher NHL programming costs, increased competition, a hostile Canadian telecom ministry and a dividend increase that was disappointing, I am going to remove Rogers Communications from the income portfolio in favor of a better opportunity. Rogers had been up nearly 32% before foreign competition threats entered the picture last year and never recovered. The shares are now at about a break-even point, although they provided investors with a nearly 4% yield during the time on the list. I will search for a more appealing replacement over the next week.

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