Bullboard - Stock Discussion Forum BCE Inc T.BCE.PR.M

Primary Symbol: T.BCE Alternate Symbol(s): T.BCE.PR.H | T.BCE.PR.Y | T.BCE.PR.I | BECEF | T.BCE.PR.Z | BCE | T.BCE.PR.J | BCEFF | T.BCE.PR.K | BCEIF | T.BCE.PR.A | T.BCE.PR.L | T.BCE.PR.B | BCEPF | T.BCE.PR.C | T.BCE.PR.N | BCEXF | T.BCE.PR.D | T.BCE.PR.Q | T.BCE.PR.E | BCPPF | T.BCE.PR.R | T.BCE.PR.F | T.BCE.PR.S | T.BCE.PR.G | T.BCE.PR.T

BCE Inc. is a Canada-based communications company. The Company provides wireless and fiber networks. The Company operates through one segment: Bell Communication and Technology Services (Bell CTS). Bell CTS segment provides a range of communication products and services to consumers, businesses and government customers across Canada. Its wireless products and services include mobile data and... see more

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TSX:BCE - Post Discussion

BCE Inc > $700 Million in Savings for 2024...

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Post by joebravo on Apr 06, 2024 6:14am

$700 Million in Savings for 2024...

1Q 2024 will see some cost savings, but should also see the higher costs associated with the layoffs which will include severance payments.

2Q should see improvements.

But as BCE stated, Full Year 2024 they should experience net savings from layoffs of $150 million to $200 million.

$500 million minimum less spending on Capex.

Add the sale of the 45 radio stations and non core assets and BCE should be adding $700 million plus to their bottom line through cost savings and divestitures by this year end.

I've heard some saying if 1Q doesn't show good numbers, the shares will tank.

Their just setting your expectations high and that is a recipe for failure. 2Q 2024 BCE should begin to see improvements. I'm sure this will be explained during May 02 Earnings Call.

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