BCE Inc T.BCE.PR.T

Cole Kachur - BNN - DON'T BUY

[Possibleidiot01]

DON'T BUY

BCE Inc.(BCE-T)

03/10/2024

 

Recent sale of MLSE will generate significant cash windfall. Comes at a good time, with concerns about debt load. Debt rating was cut. Traditionally owned for the dividend, so a cut would be a last resort. That said, you still need strong cashflows to pay that dividend while servicing your debt.

Not super-high on his list of Canadian stocks to own, but he does understand income needs. Rate cuts should propel stock forward. Not a terrible stock, but he'd look elsewhere.

telephone utilities

 

N/A

Not owned

[Stocker46]

A more reasonable analysis then yesterdays .. not a big fan of "technical" anaysis. Bought more totay (8.7 % Dividend yield) Learned from years of investing not to put much faith in the BNN (now Bloomberg) "experts".  They're all over the map. Next week someone will likely be recommending BCE. If it goes down further, I'll buy more.

[flush777]

I am so envious of you, I bought a ton when 8.4% ... But I am smiling since I mentioned Doman on this board, and an ensuing discussion ...., at high $6 figures, I think say $6.75 without checking, and now say $8.90, recommendation was made by yours truly when Doman was also 8.4% and I have already collected one and now soon, a 2nd doman dividends, say in the past few months, say 4 months... not

[Stocker46]

Yes, I've held Doman for quite a while. I sold at a small profit (excluding the dividends) a couple of years ago and got back in several months ago. Unfortunately I bought only a quarter to a third of my original position. I'm happy to hang in there with BCE & collect the dividend. We'll see what the financials look like for 3rd Q. Hopefully their cost cutting will result in

[maplak]

Basically what I slid a month ago and Iam just an average Joe not some professional anal lyst. lol