RE:Ryan BushellYou call this comment a ringing endorsement of confidence, it ends with a question mark. Very little in the way of detailed support but more a history of the company.
This has been a horrible stretch for BCE. We were very supportive of the MLSE sale but like many others quite surprised by the decision to acquire Ziply. However, the shares are now trading well below the level that Ontario Teachers’ Pension Plan (OTPP) offered for the company in 2008. The shares sport a greater than 10 per cent dividend yield and BCE remains asset rich with catalysts ahead if it wants to surface more value for shareholders. The best lesson I ever learned in this business was regarding the BCE situation in 2008 when the deal proposed by OTPP fell through. Over the next decade the company was rebuilt and re-energized by new management and more than doubled the dividend. We will see if history repeats, or at least rhymes.