RE:Interest rate declines 1/2 of 1 %, BCE falls most of 50 centflush -AaLL of the itnerest rate sensitive stocks like banks, utilites, pipelines and telecom took a big drop today. I do however agree that BCE needs to get their payout under 100%, and that is using a more conservative FCF calcualtion than the bogus oen the comapny uses now. If they have to reduce the dividend this stock is going to $20. That said, I think we will see a dramatic cutback in CapX given the goat rodeo CRTC is running.
flush777 wrote: This sucks ...
I guess the market is expecting the Feds to make telecommunications a mess similar to housing, where no one will invest.
No workers for housing and now business gets hammered again and telecommunications is the foundation of our economy, Canada is spread over wide distances.
I guess the prevalence of $30 to $40 plans is insufficient for the feds ... and expects better??