RE:There is nothing new or original in the playbookBSdetector2016 wrote: One only has to look at what AltaGas did to shareholders over a four year period from 2015 to 2019. What exactly did they do?
(1) Over-generous dividend.
(2) DRIP, just to make sure dilution got out of hand when they collapsed share price.
(3) They ran to the US to buy a worn-out Utility (that's the "grow at any cost" blunder).
(4) Forced to sell many high-quality assets to pay for the Utility.
Despite all the recent gushings by analysts, share price has yet to recover to where it was in 2014-2015. Other than some BoD figures, I doubt the new shareholder base includes many holders from the blunder times. BCE is going down the same path. How many BCE shareholders want to wait 10+ years to get back to capital break-even? I bet that Bibic will get a bonus for it.
Well said,
You forgot to mention BlackBerry.
6 years ago they bought Cylance, for 1.4 Billion U.S.
Grow at any cost, desperation move.
BB stock was 10$ at the time
Today BB is trying to sell it, might get 100$ mil or so, losing over 90 % of their investment, plus 100s of millions $ lost yearly owning this lemon, while their shares have sunk to $3.
Hope BCE doesn't follow their footsteps.
GLTA