BCE Inc T.BCE.PR.J

Dow Up 500 points, TSX up 300, BCE trading @ 13 yr low

[rixpix]

BCE is down almost 2% today, falling briefly under $37 to 13 year lows, while the DOW and TSX are up huge. 

Blue chip stocks such as BCE almost always follow the general markets, but lately, the markets go up, BCE goes down. The markets go up, BCE goes down.

I don't know what it is but something is seriously wrong here. There has to be more news eventually coming out that will justify this fall. It can't just be the Ziply purchase. 
GLTA

[Dibah420]

I guess the Caisse is not impressed that BCE has  head office in Mtl Caisse de Depot et Placement du Quebec 1.83 16,737,289 0 2024-09-30 LOW

[BSdetector2016]

The market wanted BCE to pay down debt with proceeds from the sale of its entertainment interests. Instead of paying down debt, Bibic has embarked on a spending spree in the US. Now the market thinks (correctly) that the dividend will be cut.

[Ocalaman]

Bibics comment was the downside analysts were expecting a freeze anyway and they only started doing thier DD on the purchase  of zipey one month before they bought it, reinforces my opinion that they needed a justifiable reason to fix the dividend and that was a  convenient reason to " conserve revenue" for purchase.  Rbc reduced the book value and target  by $4

[1condor]

Avoid BCE at this time...just let it do its thing (more downside). 35 for sure in the cards.