Fulton Associates

Thursday, March 18, 2010

Tell us about Telus

Today, we became the new proud owners of 175 shares of Telus (T) at $35.76. Those are some odd numbers and sizes but it utilized almost all of the cash. I think the main points for Telus is to play the profitable canadian wireless market; plus T has lagged relative to Rogers and Bell over the past year or so.
I know in Toronto we only see some small Telus kiosks in malls, but they are the dominant incumbent carrier out west. When I was in Vancouver a few years ago, I know I was dinged by a few large internet and cell phone bills. Which makes them a great business, right?