Post by
moneyguy87 on Dec 17, 2024 9:13am
Reminds me of Enbridge buying Spectra Energy
That was in 2016. Market didn't like it. "Too much debt - will cut dividend" Blah, blah, blah.
Stock dropped from $59 to $37.
The merger did just fine and Enbridge now the largest energy infrastructure company in north America.
Was a great time to buy.
Comment by
Toppicks1 on Dec 17, 2024 9:20am
Well load the boat then.. you have a chance to buy the new 52 week low this am..."
Comment by
Shylock40 on Dec 17, 2024 9:20am
Sure, if you have a 5 year time horizon to get back what you lost... Once under $30, will pick up a few. Brutal strategy decisions and will get little support from incoming government... Bell will pivot and be fine over long term but will take alot of time. Best of Luck to All!
Comment by
rixpix on Dec 17, 2024 9:36am
If you are trying to find something to use as an excuse, reason for BCE 's fall, ENB is NOT it. When ENB fell to $37 their 5 year low then was 29$ so the SP was still 25% higher. This fall of BCE shares to 15 year lows cannot be compared to ENB. Totally irrelevant!.