RE:So much bull BCE borrowed tons of money and boosted divdends ASSUMING revenue would grow and thier dominent position in the market would remain BUT the federal government put a big hole in that plan by forcing them to share thier network with smaller regional players. Quite simply they have less market share to dominate thanks to legislation and facing up to thier reality has proven difficult to do as we have seen this past summer with all three major bond rating organizations downgrading thier debt one notch in effect cuasing them to pay more for financing excacerbating an already precarious poistion by mitigating the benefits of lower boc rates.There caught between a rock and a hard place.
If I were to refer to your analysis they are asset rich but cash poor and that never ends well.