BCE Inc T.BCE.PR.D

It's the balance sheet, st*pid!

[Dibah420]

This company is suffering from "fatty liver" syndrome.  It's high time to announce some SERIOUS shedding of the fat that it has accumulated.
And reduce DEBT!  
While revenues have grown acceptably y/y for the past 5 years (i.e. low single digits) its interest payments have ballooned,  from  2021 to  2023.
Just click on "Financials" above and check out "Income Statement".   
The CFO has not been nimble enough in his reaction to a rapidly changing interest scene.  Employee cuts are not enough.  They take their time in showing improvements on the bottom line.
Divesting non core elements, and we have no dearth of them, is the fastest route.  I have ranted here before as to what I think they are.
Time to act.

[jx7000]

I agree with you about divesting non-core elements, but what are they in your opinion?

[Dibah420]

Radio stations are a start but hardly sufficient.  Bell Media, which has incurred losses year after year, has a lot more to go.   Some two decades ago, "convergence" was the buzz word and acquisitions was the vogue.  It was not enough to be a mere telco.  We don't hear that word much these days. Cheers

[JoeBravo1]

Does this kind of sum up your concerns and what BCE is and will be concentrating their efforts on? BCE Cost Cutting Effort and Non-Core Asset Sales...

[Dibah420]

It's a start but not enough, by far.  Employee lay-offs are the easiest route but you are not going to make a dent in the B/S by cancelling a few noon hour broadcasts here and there.  The days of generating explosive profits from advertising on TV are long behind us. (OK, FOX is an exception but it is unique with its meddlesome machinations into politics, and we may debate it