Cogeco Communications (CGEAF) ((TSX:CCA)) posted another quarter of declining Internet subscribers in its Canadian segment. Nevertheless, we still have a positive outlook for the company. Cogeco’s newly implemented customer management system coupled with marketing campaigns should help its Canadian cable business to return to growth. Its U.S. business continues to perform well thanks to its competitive position and rate increases. Its shares are currently trading at a discount to its peers and offer a growing dividend with a yield of 2.7%. We believe this company is a good choice for conservative