Shaw Communications: Resiliency Expected Through Economic Slowdown – UBS

FP Trading Desk submits:

UBS analyst Jeffrey Fan says Shaw Communications Inc. (SJR) should continue to trade at a premium because of its exposure to western Canada, growing dividend yield and high free cash flow margin.

The company reported in-line Q109 results on Friday, Jan. 16, and chief executive Jim Shaw told analysts that the company had not seen a slowdown because of the deteriorating economy. Indeed, in the Discussion and Analysis section of Shaw’s quarterly report, management said there had been no change in risks or uncertainties facing the company over the second half of last year.

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Tags: Canada, free, LEC, telecom

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