Exiting Rogers, High Target Reached

Rogers (RCI) operates the largest wireless carrier and cable TV operation in Canada. It has major cable system clusters in Toronto, Ottawa, Mississauga, Kitchener, London (ON), NB, and NL. It owns shares in CCA (14%), in CGO (20%), the Toronto Blue Jays, the Rogers Centre, TV and radio broadcasting and magazine publishing assets.

[PostStockWidget stock_valuation="" pricetype="live" manual_date="Dec. 21, 2012, 2:04pm GMT" symbolcodes="'RCI-B.TO'" symbolprices="46" div_align="right"]

• We signaled a low valuation in RCI in June 2013 under $41.00. Today we believe that RCI is fully valued with limited upside because of the projected low growth in earnings.

• New Purple Chips valuation range: Low $41.00, high $46.00

• HIGH VALUATION IN ROGERS COMMUNICATIONS AT $46.00 (RCI.B-T, $CAD 46.03) FULL POSITION

• This trade including dividends TOTAL RETURN: +15.8%