Investment Thesis
Cogeco Communications (CGEAF) (TSX: “CCA”) delivered positive top and bottom line growth in its Q3 F2020 thanks to strong demand for its Internet services. The company should be able to continue to gain more subscribers and grow its rate as many people still need to work from home and demand higher speed Internet services. The company also has the capacity to pursue opportunistic acquisitions to grow its business given its solid balance sheet.
Cogeco currently pays a growing 2.2%-yielding dividend. Therefore, this is a good stock to own for investors seeking