RE:No One Wants To Talk About This Stock TD did talk about BCE this morning with a nasty note questioning the sustainability of the dividend and implying that the company has been hiding critical information regarding FCF deep in notes. They apologized for not noticing this important information before, downgrading the stock to hold (even considered reducing) and lowering their target to $58. They added that the stock is going to meaningfully underperform other telcos.
I'm wondering how or if the company is going to react to one of the most critical notes I have read in while. They should reassure markets regarding the dividend as most owners hold this stock because of the juicy div.
I expect a drop in the stock at the opening this morning even if we should see light trading today in the market ahead of the long weekend.