RE:RE:RE:RE:New Morningstar Rating - Hold and PT $54.62 CADWay more to this story than a couple of attention grabbing headlines. Truth isn't news. In reality, bonuses are paid out 100% IF all the goals are met. A percentage is paid out if they are not but are above the baseline. "BCE pays millions in executive bonuses after meeting almost all financial goals" wouldn't be near as eye catching, would it? "Canada's Largest Telecom Cuts 9% of Jobs after reducing Capex" wouldn't eithewr, would it?
Cutting capex when you are forced to allow access to said infrastructure for a fraction of the cost is prudent. Companies cannot invest billions to bring in millions, only governemnts can do that!
It will be interesting to see how long BCE share price stays this low, and how long before the funds load up after knocking it down to such lows. Better to buy low than high. Better to sell high than low. But it is tough to buy when everyone is selling and tough to sell when everyone is buying.
According to Shortdata, there are 12,672,156 shares short as of March 30. So yes, still lots of negative sentiment. But sentiment can change quickly and move the price up, thus squeezing the shorts. Houses/funds can and do move markets. "Be fearful when others are greedy, and greedy when others are fearful," said Warren Buffett.