Telus $T Finally Implodes 🔥🔥🔥🔥 Sometimes you get a tremendous feeling of relief when you sell something at a loss, take the HIT 💥& move on with your mental health intact. I will do this every time if my original investment thesis changes, like it did with Telus Corp. On Dec 1/25, I sold 800 Telus at 18.01 to buy Nexus & Slate Grocery REITs. Took a $2,500 haircut 😬 On Apr6/26, I sold 1,500 Telus at 17.95, cleared the deck and bought 800 $CVE Cenovus Energy at 36.62. Took a $7,000 chopping 😬🤯🤯🤯🤯 Altogether, selling 2,300 shares at $17.97 for a $9,500 loss 🤢🤮🤢🤢🤢🤢 Hanging on would have incurred me with an EXTRA $11,000 loss The upside is that everything I bought with the proceeds of distribution has done well 👍🏻$SGR-UN is under strategic review, $NXR-UN has bounced and $CVE is printing cash 🥂 So yeah, it’s better to lose 9.5k vs 20.5k 🤡🌎 Telus to me is still uninvestable 🫣They have not clearly enunciated how they will reduce debt & the changes to their forward guidance is worst than expected. Will Telus right the ship and become investable again? Probably. But why buy a broken story when you don’t have too? I’m old enough to remember when Telecom stocks were for pensioners, widowers and conservative investors. They turned that whole sector into a place for Bag Holders loaded with Shitcos 😬 My heart goes out to all those investors who bought into this terrible narrative I didn’t just dodge a bullet. I sidestepped a Mortar Round 🤯🤯🤯 Anyone get lucky and bailed on Telus before this Black Friday?
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33 Comments
John D@iamjohn_d · 17d
Perfect example that illustrates the idea that you don't have to make back the money you lost the same way you lost it. Some people just hold onto crappy businesses with declining fundamentals & a broken thesis, "scared" to realize a loss, hoping to some day breakeven and get out. However, what many people overlook is the potential opportunity cost involved in doing so. If you see a better business, with a compelling valuation and/or stronger fundamentals, it's not wrong to jump ship. Psychology is what gets a lot of people at the end of the day... myself included from time-to-time... but hopefully people learn, move on, and try not to repeat the mistake.
Not Financial Advice @anpc86 · 16d
It’s tough , fed the same narrative that the Cdn telecom are “blue chips”. But you have to not just understand the individual stock but the sector. bell was the lead, Telus did nothing to avoid following. Rogers you can tell is trying to avoid it by hiking prices and aggressive cost cutting. I try to tell someone to sell back when it was $22-24 but they were in around $28 and wanted a few dollars before bailing , I said it’s not going to… shrug shoulders , I’ll be told I was lucky in “guessing” this outcome for Telus. Telus likely recovers once the selling starts and cost cutting becomes aggressive, layoffs. Not happy to say but that’s what it takes to get out of the free fall.
Stephen @wright_investments · 16d
I actually took a small position right at the 13 dollar mark. I could care less about their legacy business or dividend, what caught my eye is their new data center focus and build-out coupled with the Nvidia partnership. I'll consider it speculative for now but this notion of telcos morphing into "sovereign data centre providers" for public and private industry makes sense given their legacy business.
Sam @saminvesting2023 · 17d
The dividend reduction by 50% is probably the best thing to do right now. In a year from now this will be up by probably 20-25%
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