BCE Inc T.BCE.PR.H

Barry Schwartz - BNN - DON"T BUY

[Possibleidiot01]

DON'T BUY

BCE Inc.(BCE-T)

09/04/2024

 

He's reduced his holding (and entirely sold Rogers). Concerned if their cash can cover their dividend. Is waiting for more growth. The company says that capex will decrease in a few years and they can sustain the dividend. Clearly, the market is concerned with their 9% dividend. Great managers and high returns? Both no.

telephone utilities

 

$44.880

Owned

[spacegimp]

It's a real question mark . I read in one of the analysts reports they should be able to bring capex down to  a $4 billion/ year steady state level after 2026 . If they can maintain ARPU and grow number of users slightly then they can cover debt obligations and dividends provided no more interest rate hikes . If ARPU falters significantly due to this unfair government mandated competition

[JoeBravo1]

He should come out with this kind of recommedation for BCE every day. Look what it's done for the share price today.  Great work Barry.  You seem to have the Cramer affect.