Post by
BSdetector2016 on Nov 05, 2024 11:25am
Let's play "Pretend"
Assume that BCE closes at $40 today (I think it will be lower), meaning $4.81 shaved off the pre-blunder closing SP. Bibic destroyed $4.39 Billion in market cap over a period of two days. Now add the $7 Billion that they are going to divert from paying down debt to buy Ziply. Bibic joins the > $10 Billion vaporization club. The 2025 AGM cannot come soon enough!
Comment by
liljohnnyjoke on Nov 05, 2024 11:48am
why didn't they buy back @ 150M shares with that $7B if they thought the sp was so undervalued?