Wait for Rogers ‘Fiasco’ to End Before Buying Stock, Poole Says

The family power struggle engulfing Rogers Communications Inc. has made the shares cheap, but investors should wait for the drama and uncertainly to die down, says the head of Toronto-based GlobeInvest Capital Management Inc.

“I think you want to see how it plays out and who’s going to be running the show. Ultimately this whole fiasco has shown that the family actually runs the show, but you do need effective management in there,” GlobeInvest Chief Executive Officer Christine Poole said on BNN Bloomberg Television. “It’s creating a very negative disruptive force for the stock and we’ll find out, it sounds like probably within the next week or so, how it ends.”