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TheStreet Open House

NHL Lockout Over, Don't Miss This Massive Buying Opportunity

Stocks in this article: T VZ MSG CCMO DTV NWSA CMCSA RCI BCE

If it came to fruition, NWSA would end up the closest thing we have in the United States to the pie-in-the-sky scenario I painted for AT&T and Verizon. Of course, right now we can call Comcast (CMCSA) the "closest thing" with properties ranging from the NBC networks to the Philadelphia Flyers under its expansive belt.

But nothing domestically compares -- or will ever compare -- to what's happening in Canada.

For some strange reason, Rogers Communications (RCI) and BCE (BCE) (formerly Bell Canada) were down Monday on the NYSE. They're both down on the Toronto Stock Exchange as well.

So the NHL lockout ends (yes!), MSG is up, but RCI and BCE are down. I don't quite get it.

Both stocks have had their moments over the last year -- RCI up 21%, BCE just 7%, but it's down a bit from all-time highs. Investors should be jumping at these two Canadian stocks.

I wrote multiple RCI and BCE articles for TheStreet in 2012. From this one, you can link to the bull case (which details each company's holdings) and word from famous hockey writer, Al Strachan, that one of the two companies (or both through their joint ownership of Leafs TV) will almost certainly win the rights to the Canadian institution, Hockey Night in Canada, for next season.

Another Canadian Hockey Institution, the Hockey Hall of Fame in Toronto; Courtesy, Rocco Pendola's Summer Vacation

I'm not sure why RCI and BCE are down on Monday, with the lockout finally over. But, man, it's a buying opportunity of epic proportion for long-term investors.

P.S. I am fired up that hockey is over. I ranged through emotions during the lockout -- sad, apathetic, angry, rebellious -- but I am back and feeling good about the Leafs' chances in a 48-game season. (#LeafsNation, follow me on Twitter!)

--Written by Rocco Pendola in Santa Monica, Calif.

Rocco Pendola is TheStreet's Director of Social Media. Pendola's daily contributions to TheStreet frequently appear on CNBC and at various top online properties, such as Forbes.
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