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BCE Inc. Message Board

  • nuthead48 nuthead48 Aug 21, 2013 9:57 AM Flag

    BCE Tanking

    This puppy just keeps going down. Down 10% over the past year and still dropping. Trying to decide if it just anticipation of Verizon's entry and if I should hold.

    Sentiment: Hold

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    • I have no doubt it's about VZ. The Canadian government is holding steady in their view. I expect BCE and the other Canadian telcos to hold steady or slowly drift down until VZ intentions are made clear end of Sept. If Harper delays the auction signup deadline or VZ decides not to bid, expect a big pop, otherwise probably another 5-10% drop. That will put BCE yield above 6% and present a big buying opportunity.

45.23+0.05(+0.11%)Oct 28 4:04 PMEDT