Canadian (or more accurately, French-Canadian) communications company Quebecor (OTCPK:QBCRF)(QBR-B.TO) has been a pretty solid pick for me over the past fourteen months or so, as the shares have risen about 40% from my initial recommendation and 20% from my last update on the company.
Now, though, the shares are trading close to fair value and I'm not
convinced there's enough reward in play for the risk at hand. Whether
the company plans to go forward with a national wireless development
plan, whether it buys out Caisse's 25% stake in Quebecor Media, and how
the company allocates capital within its existing operations all are
sizable unknowns that stack up pretty evenly with the prospects of
better wireless performance within Quebec.
Continue reading here:
After A Good Run, It's "À Bientôt" For Quebecor
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