RE:RE:Dow Up 500 points, TSX up 300, BCE trading @ 13 yr low Bibics comment was the downside analysts were expecting a freeze anyway and they only started doing thier DD on the purchase of zipey one month before they bought it, reinforces my opinion that they needed a justifiable reason to fix the dividend and that was a convenient reason to " conserve revenue" for purchase.
Rbc reduced the book value and target by $4 when they bought zippy to reflect the inflated metrics they paid ,then again by another $2 when they reported earnings. Without exception every analyst and fund manager wonders why they ever bought an American company that exposed them to more capital requirement and intense competition from day one when debt reduction was the order of the day. .
its long distance from 48 to 37 and so many missteps along the way in such a short amount of time and an 10 B$ market cap wipeout. Who know what impact the " market doubt" will have over the next few quarters.