BCE Inc T.BCE

Brutal stock

[rad10]

This dog can't catch break

[Al42]

You would think Bibic would make some kind of statement?

[Ocalaman]

Whats he going to say ? 

[1condor]

So tempting today but just cant do it. I was looking at 35 bucks to start nibbling but the falling knife continues. Lets see where it settles.

[Davesnothere]

Had to follow through on thesis , bought @ $34.50 to lower acb. I do believe better days are ahead. The only way BCE is currently off side is the dividend , sure yes, granted , but look how easily that could be remedied IF NEED BE. No worries...

[1condor]

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.

[SargeX]

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

[BSdetector2016]

Hi Sarge: I see you are bargain hunting; there's certainly quite a few good equities on-sale as of late. IMHO whenever a company cuts the dividend (unless they are dumb like Marino at Vermilion) they always cut it more than they really need to, to give themselves some slack. They also do it so they can start saying "we increased the dividend" in a year's time (like AltaGas did

[maplak]

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? 

[SargeX]

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

[Davesnothere]

Thanks 1condor , I did add today @ 33.71 near the end of day. Trying to lower acb. As you point out, there could be much cheaper prices coming soon! GLTA.

[rixpix]

IMHO you should have waited till the end of tax loss selling season, which is still 10+ days away. GL