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.
Again, that's a partial list. I also "forgot" to mention that Rogers and BCE dominate delivery of wireless, cable/satellite television and landline telephone services throughout Canada. Rogers also owns and operates a home security division. In other words, if you live in Canada, you simply cannot escape Rogers and BCE. Like it or not, they own your world or, at the very least, a considerable segment of it. Save recent earnings-related weakness in RCI, both stocks have performed well, but not well enough considering the opportunities that lie ahead. Interestingly, I think we have what I'll call an inverse Netflix ( NFLX) dynamic happening here. Last year, Netflix told the world it would lose money in 2012. It went so far as to raise $400 million. Even with that wholly bearish writing on the wall, the stock -- helped by a Whitney Tilson pump, no doubt -- managed to break from its lows and trade at more than $100. As that was taking place, I could only chalk the gains up to Wall Street not having actually seen the loss hit the books. The same phenomenon often works in our own lives. Somebody can tell us all day long that something will happen (e.g., warnings of "The Big One" in California), but we do not act and react materially and emotionally until it actually does. Netflix reported a loss this past quarter; the stock nosedived into the $80s and is in a slow decline. Until we see the combined-dominance of Rogers and BCE and the MLSE deal bear more fruit than they already have, I do not think the big money, particularly in the U.S., will act. And that's fine by me. I do not invest on the basis of what's happening today. I do not care what companies like Rogers and BCE have done for me lately. I only care about what they're strategically and competitively positioned to do for me tomorrow. >>To see these stocks in action, visit the 2 Stocks to Buy Before They Take Over Canada portfolio on Stockpickr. At the time of publication, Pendola held shares of BCE and RCI and was short a BCE put option.