NEW YORK ( TheStreet) -- The long-term buy-and-hold segment of my portfolio consists of a handful of companies that I know quite well.
Unless these companies do something to drastically alter the course of their narratives, I regularly accumulate their shares and buy more on weakness.
I invest in these companies not because of what they are today, but for what I expect them to become in the future.
In this article, I review the latest news on two of these companies:
Rogers Communications Inc.
(RCI - Get Report)
(BCE - Get Report)
Consider the fresh information more writing on the wall.
These two companies continue to position themselves to seize massive long-term opportunity across multiple spaces and take over meaningful chunks of the world.
Although these stocks might appear to be too speculative or risky for you, you might want to research them further.
Something happened in Canada on Wednesday that likely will not make news in the U.S. That's actually a good thing for investors.
approved Rogers and BCE's deal to acquire a majority stake (75%) in
Maple Leafs Sports and Entertainment
Consider it little more than lip service to the Canadian public that the Bureau noted that it "will not hesitate to take action should she determine that there has been a violation of the [Competition] Act."
"She" has one year to act. Do not expect "her" to do anything.
The market, both in the U.S. and Canada, has failed to appreciate the importance of this deal. Rogers and Bell have pulled off what U.S. companies could only dream of. Consider the magnitude and scale as you review this partial list of properties the two companies will control or have a stake in, either separately or jointly: