TIXT and T

It was a pretty big shock in relation to Telus International, as just a quarter ago they had reiterated guidance of 12-15% growth, only to cut it down to 2% growth (7% if you include its Willow Tree acquisition) for the next year.

Big missteps in judgement from management for things like this is going to cause a lot of panic, thus the selloff.

Telus, being a double digit overall owner of Telus International, is going to take collateral damage from this.

Overall, I think the selloff in both TIXT and Telus is overdone. Many investors may confuse Telus International with a new IPO or a green company. However, this is a company that has been in operation under Telus's belt for a very long time, and was simply spun out. It has been in operation for a long time and has put up exceptional results thus far, up until now.

The selloff has put Telus International trading at 9x~ expected earnings. It's now in value territory in my opinion.

Telus Communications, I don't worry too much about that one in terms of short term pricing. I simply continue to add.