BCE Inc T.BCE.PR.F

There is nothing new or original in the playbook

[BSdetector2016]

One only has to look at what AltaGas did to shareholders over a four year period from 2015 to 2019. What exactly did they do?
(1) Over-generous dividend.
(2) DRIP, just to make sure dilution got out of hand when they collapsed share price.
(3) They ran to the US to buy a worn-out Utility (that's the "grow at any cost" blunder).
(4) Forced to sell many high-quality assets to pay for the Utility.

Despite all the recent gushings by analysts, share price has yet to recover to where it was in 2014-2015. Other than some BoD figures, I doubt the new shareholder base includes many holders from the blunder times. BCE is going down the same path. How many BCE shareholders want to wait 10+ years to get back to capital break-even? I bet that Bibic will get a bonus for it.

[rixpix]

Well said,  You forgot to mention BlackBerry. 6 years ago they bought Cylance, for 1.4 Billion U.S. Grow at any cost, desperation move.  BB stock was 10$ at the time Today BB is trying to sell it, might get 100$ mil or so, losing over 90 % of their investment, plus 100s of millions $ lost yearly owning this lemon, while their shares have sunk to $3.  Hope BCE doesn't follow

[BSdetector2016]

The book of management blunders is a thick one; I only chose AltaGas because the BCE blunder has a similar smell. Another near-similar example would be Algonquin that Banskota turned into a toilet dweller. BTW the title of TD's morning report on BCE is: IS THIS AN UNFORCED ERROR?

[jx7000]

I was going to mention AQN but you beat me to it.  They said their dividend was safe, too. Thank goodness my years of bad investments taught me something--believe the opposite of what the politicians and CEOs say.  (And never listen to BNN.)

[BSdetector2016]

Years ago I got my hide singed by liars in the oil industry. Anthony Marino "the dividend is safe" stands out amongst his peers. It was drastically cut after reassuring shareholders that it was safe, then cut to zero a month later. A little more than a month later, Marino departed the company. 

[Mirko22]

Now he is CEO of small oil company. One of the biggest liar

[ol_griz]

BSD, you've got my generational perspective on this.  I agree with the notion that this is a transformative move, putting their money where their mouth is, etc., that may pan out fine in the end but for those of us who bought into a widows and orphans stock for income at 50 - 60 bucks when our age exceeded the sp, it's a kick in the teeth.  You want to be able to liquidate your