TELUS CORP. - Toronto symbols T $57 and T.A $54

TELUS CORP. (Toronto symbols T $57 and T.A $54; Conservative Growth Portfolio, Utilities sector; Shares outstanding: 324.5 million; Market cap: $18.5 billion; Price-to-sales ratio: 1.8; Dividend yield: 4.1%; TSINetwork Rating: Above Average; www.telus.com) has paid an undisclosed sum for Wolf Medical Systems, which makes software that helps hospitals and clinics convert patient records to electronic form.

Doctors can also use Wolf’s products to access this information from a wide variety of devices, including smartphones and tablet computers.

Adding Wolf’s expertise enhances Telus’s current electronic health record services. There is also plenty of room for the company to grow in this market: right now, just 32% of Canada’s medical records are digital.

Telus is a buy. The cheaper, non-voting class A shares are the better choice.

A professional investment analyst for more than 30 years, Pat has developed a stock-selection technique that has proven reliable in both bull and bear markets. His proprietary ValuVesting System™ focuses on stocks that provide exceptional quality at relatively low prices. Many savvy investors and industry leaders consider it the most powerful stock-picking method ever created.