BCE Inc T.BCE

Alternate Symbol(s): BCE | T.BCE.PR.A | BCPPF | T.BCE.PR.B | T.BCE.PR.C | BCEPF | T.BCE.PR.D | T.BCE.PR.E | BCAEF | T.BCE.PR.F | T.BCE.PR.G | BECEF | T.BCE.PR.H | T.BCE.PR.I | T.BCE.PR.J | T.BCE.PR.K | BCEXF | T.BCE.PR.M | T.BCE.PR.N | T.BCE.PR.Q | T.BCE.PR.R | BCEIF | T.BCE.PR.S | T.BCE.PR.T | T.BCE.PR.Y | BCEFF | T.BCE.PR.Z | T.BCE.PR.L

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 > Let them know how you feel !

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Comment by BSdetector2016on Nov 05, 2024 12:13pm

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Post# 36297196

RE:RE:Let them know how you feel !

This is a Board problem; growth at any cost, even if it breaks shareholder's backs. A more disciplined approach would be to cut the dividend and apply the proceeds directly to pay-down of the debt, or not incurring more of it. I think shareholders would go for it. Bibic has a performance objective that links his variable compensation to "growing" the company; that I'm sure of. Why not right-size the company to put it on a better footing to grow later, say in about three years time? We were told the Entertainment proceeds would go to paying down debt; now this. I want this Board to be "seeking other opportunities" post AGM.

PabloLafortune wrote: When you manage your own money, its up to you to do your own due diligence.

BCE's balance sheet has deteriorated continuously since 2008. Debt in 2008 was $10B. $20B in 2014. $36B in 2024 including prefs.

Most of these utility type companies (ex Enbridge, AT&T) have more debt now than than they did back then but I suspect, nowhere near as much as BCE.

Annual Dividend and interest payments in 2014 were $3B. They're now $5B...

The reason they sold their stake in MLSE and acquired that US business is to improve their ratios so they can borrow more (because they have to). Probably should continue down this path as much as possible actually.