RE: RE: Losses continue / factoryBCE last buyback was in 2007 if I remember correctly. i saw it metionned on a Q financial report.
BCE has some value at $22. According to my spreadsheet, 2009 gives:
EBITDA of $6B or Enterprise Value / EBITDA of 4.5
Net Free Cash Flow on Market Cap. yield : 6.5%
It could trade at $18 where you will find support from 1999, so I won't try to guess a bottom.
Remember Teachers made their homework and saw some value at $42 before
making their bid official.
I would think that $22 is a decent level to start speculative buy.
I'm pretty sure BCE is working full time on a B plan that will be made public on the 11th of December.
If there are some lawsuits, wouldn't CiTi and Teachers the one's being targeted?
As a Bell customer, I've always been treated poorly and always felt the whole organization is neurotic.
I would conclude by suggesting to look at the chart price and volume, wait for a base to be formed. Don't try to pick bottom. In the present environment where TSX lost 40% and could lose another 25% in a few weeks, who could call a bottom on BCE? Maybe buying some BCE with a HXD hedge 3:1 would make a reasonable play?