BCE Inc T.BCE.PR.L

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Communication Services Telecom Services

BCE Inc. is a Canada-based communications company. The Company provides wireless and fiber networks. The Company operates through one segment: Bell Communication and Technology Services (Bell CTS). Bell CTS segment provides a range of communication products and services to consumers, businesses and government customers across Canada. Its wireless products and services include mobile data and voice plans and devices and are available nationally. Its wireline products and services comprise data (including Internet access, Internet protocol television (IPTV), cloud-based services and business solutions), voice, and other communication services and products, which are available to its residential, small and medium-sized businesses and large enterprises customers primarily in Ontario, Quebec, the Atlantic provinces and Manitoba. This segment includes its wholesale business, which buys and sells local telephone, long-distance, data, and other services from or to resellers and other carriers.

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BCE Inc > There is nothing new or original in the playbook

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Comment by BSdetector2016on Nov 05, 2024 7:33am

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Post# 36296594

RE:RE:There is nothing new or original in the playbook

The book of management blunders is a thick one; I only chose AltaGas because the BCE blunder has a similar smell. Another near-similar example would be Algonquin that Banskota turned into a toilet dweller. BTW the title of TD's morning report on BCE is: IS THIS AN UNFORCED ERROR?

rixpix wrote:
BSdetector2016 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