This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

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

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.
2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DTV $90.16 0.00%
MSG $81.18 0.00%
NWSA $15.57 0.00%
T $34.09 0.00%
VZ $50.08 0.00%


DOW 18,037.97 -42.17 -0.23%
S&P 500 2,108.92 -8.77 -0.41%
NASDAQ 5,060.2460 -31.8390 -0.63%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs