RE:RE:RE:RE:RE:New Morningstar Rating - Hold and PT $54.62 CADFantastc comments and very well written and summarized.
As I've mentioned, I find it totally mind boggling that so many so called long term investors sit there sweating every little move in the stock price. Given all the ridiculous comments, it sure seems that a few of these people are young investors. First off, I guess they'll eventualy learn (or at least I hope they will :-). Secondly, you'd think they would have something better to do with their time especially at their age. Don't these people have to work for a living or do they just waste work time posting and following the ticker. (shameful!!).
Anyway, BCE will be more than fine. It may take a bit of time but they will do what they need to do,
I think a divy cut is a very, very low probabilty but you never know. Interestingly, a 30% cut would still leave the yield at 6,25% (which is still fantastic). I
Anyway, time for the worrywarts to chill out.
Ciao
Sarge
oilisswell wrote: Way 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.