If the outgoing or incoming government can’t beat ’em, consumers may as well join ’em.
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What’s the long-suffering Canadian wireless subscriber to do?
Well, there’s the old adage of if you can’t beat ’em, join ’em.
Perhaps the best thing for consumers to do is to stop complaining about their cellphone bills and instead get in on the action: invest in Bell, Rogers and Telus.
It’s certainly not a bad way to go. Check out what the companies’ shares have done over the past five years:
In that time, BCE shares have climbed 67 per cent, Telus 85 per cent and Rogers 19 per cent. The broader S&P/TSX Composite Index, meanwhile, has improved only 15 per cent in comparison.
It’s worth noting this all happened when the three companies were supposedly at war with the government and when regulators supposedly had their numbers.
One can only imagine what the stocks will do now, with friendlier policy makers at the helm.
Buying shares in the three companies may be the best way for consumers to claw back some of that monthly bills. Actually, it may be the only way.