BCE Inc T.BCE.PR.E

tax play

[caretired1]

You can sell today, get your loss and buy back before the dividend record date in Dec - still get the divvy and avoid the 30 day superffcial loss time i think

[BSdetector2016]

Yes, however, if they go full bore on the NCIB while the lemmings are dumping, there could be a sharp SP reversal coming. I suspect this strategy would result in people paying considerably more to buy it back after the requisite wait period. I just sold another dog to collect the tax loss (& will stay out) and bought a few more shares of BCE to average down. 

[caretired1]

Perhaps on timing, but I think lots of tax loss selling won't happen until December and the deadline

[BSdetector2016]

For the market dogs it has already happened, with some of it occuring as early as late October. Retail might wait until the last minute but funds won't.

[mnztr]

With what cash would they execute the NCIB? They are already not fully covering the divvy. At least the acquisition will bring $500m/year more to maybe cover he divvy. As it was before BCE was in slow bleed mode.