RE:RE:Ziply's U$400M EBITDAcooper90 wrote: Let's not forget the Trump trade
if Trump folllows through on US tax cuts this investment goes through the roof
going from what 28% to 15% is a complete game changer even half that or any substantial tax rate drop will greatly increase profit and valuation of this new asset
combined with their planner growth rate expectations on new users this becomes a new engine of profit and supports reducing debt ratios
I like the timing of this purchase
"The timing of this purchase" is exactly what's wrong with this purchase.
BCE sold MLSE and said they'd use the money to pay down debt, and then turned around and spent it on Ziply.
When they sold MLSE they could've said, we sold it because we're eyeing another investment, but no. They hid it from everyone.
There's no way they didn't know about Ziply, no way they hadn't started their dd when they sold MLSE.
You couldn't have had worse timing than that.
GL