Investment Thesis
Cogeco Communications (CGEAF) ((TSX:CCA)) delivered solid Q3 F2019 with top and bottom lines growth. Despite a decline in revenue in its Canadian segment, we believe the deployment of DOCSIS 3.1 will increase the company’s competitive position and attract more Internet customers. This should result in better EBITDA margin and revenue growth. Its business in the U.S. should continue to perform well thanks to its competitive position against its peers in Internet speeds. Cogeco offers a growing dividend with a yield of 2%. Given its surge in share price since the beginning