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 | T.BCE.PR.H | BECEF | 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 > Brutal stock

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Comment by SargeXon Dec 18, 2024 10:55am

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Post# 36368034

RE:RE:RE:RE:RE:RE:RE:Brutal stock

Hey Maplak

Definitely a reasonable question but I do have some logic behind the timing of our buy.

First off, I generally don't try and time the market. Waiting until ex-div day was a bit of an exception. I definitely expected it to drop by at leat a $1.50. We generally always spend all our accumulated extra dividend cash. We had about $7.9k waiting on ex-div day so I just went ahead and spent it.

My strategy of buying based upon a fixed amount of cash just affects how many shares we buy so buying then vs now would have just meant buying 5 extra shares with a $4 divy just means a difference of $20 in our annual dividend income.

As an aside, this was a very small add to the multiple thousands of shares we already own so is very minor anyway.

Ciao
Sarge

maplak wrote:
SargeX wrote: I added a few at $34.75 and I also think the divy cut is baked in. I'm hoping the cut will just be 25% making a divy of $3 for a yield of 8.6% at $34.90.

I know there may be a bit more tax loss selling but I think it's mostly over.

Regardless, the price is now at a riduclous level and I am confident it will be quite a bit higher in 2-3 years.

Ciao
Sarge

1condor wrote: Davesnothere...nothing wrong with buying at 34.50 (better than 70 bucks not that long ago)...but keep a little dry power just in case they clip the divvy. No one knows whether they will or not...but if so the stock will get hit really hard on that day. I hold some stock and am looking to add...but for now I am on the sidelines.

I like your thesis. I think it you are right. My only argument is why not wait for the day when dividend cut is announced? Also wouldn't be better to wait till next earnings to buy?