Rogers Communications (RCI) has approximately 2.3 million subscribers throughout eastern Canada and is the country's number-one cable television operator. With more than 6 million subscribers, the company's subsidiary, Rogers Wireless, is Canada's largest mobile phone outfit. Rogers Telecom provides nationwide services as a alternative fixed-line phone carrier. The Rogers Media unit is involved in broadcasting and publishing. If you're a Blue Jays fan, you'll be happy to know that a large stake of the Toronto team and their sports complex is held by Rogers. CEO John Rogers owns 91% of the stock's voting power, and just as he is confident that the company will be doing great things in the months to come, so am I.
As of December 31, 2007, it operated 52 radio stations; a spiritually-themed television station; a specialty sports television service that provides regional sports programming; a nationally televised shopping service; and The Biography Channel Canada. This segment also holds a 50% interest in Dome Productions, a mobile production and distribution joint venture. The company was founded in 1920 and is headquartered in Toronto, Canada
RCI announced recently that it’s projecting revenue between $11.2 billion and $11.5 billion for 2008, with adjusted operating profit forecasted between $4 billion and $4.2 billion. It also expects to add 550,000 to 625,000 net wireless subscribers this year. RCI remains an excellent buy
$43.14 (06/03/08)
