T Telus Feb.23

Costs of communications are inexorable dropping to zero and no doubt this process will continue. Of course some of this is offset by eye-balls, bundling and other gimmicks and or hidden costs but in the end this is a commodity and therefore one has to be very careful owning these for the long run. However within the context of the next year or two Telus looks relatively attractive at these prices. The stock appears to be dropping in a wedge-like formation and this is usually indicative of a turn in the next week or two. Worth keeping an eye on if it gets to about $30.

T feb23