Yeah, I'm probably break even now only because of dividends received.
Hopefully dividend is maintained though I can't see it being increased for a few years now. Will take a good few years for price to recover to $50
BCE
- Thread starter Carvher
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Hopefully dividend is maintained though I can't see it being increased for a few years now. Will take a good few years for price to recover to $50
With latest acquisition, they think they are doing great. No need to pay off debt?
This CEO is in running with TD's CEO for worst CEO in Canada.
Have to figure it will bottom at some point. Dividend cut is being factored in now.
This CEO is in running with TD's CEO for worst CEO in Canada.
Have to figure it will bottom at some point. Dividend cut is being factored in now.
I know fibre internet is good and maybe the best, but I also see people I know leaving Bell. I don't understand if BCE is going all-in on fibre as seems to be the case, is fibre going to be the future cash cow for them? Myself, I am happy without it, and run multiple devices. But, maybe with AI that will change. If competitors are nearly as good and cheaper why go with a company like Bell? But, I have to say they are masters of bending customers over and fucking them good, a wanted quality if you are a shareholder.
Honestly? I doubt it. I think they'll have to cut mid-next year. This is a slow motion train wrack. I plan to sell (but I planned a month ago
) after the next dividend that I receive. Fuck, I'm likely going to take a $6K income hit because the nearest stock is TD with a lower dividend.The real kicker? The big losses are in the RRSP and TFSA where I can't claim capital losses. The taxable account? Meh, $3K capital loss so...$1.5K? Meh.
You're probably right. I'm pretty much in the same boat as you regarding divs and TFSA. It's only a small part of my portfolio but enough still to make a differenceHonestly? I doubt it. I think they'll have to cut mid-next year. This is a slow motion train wrack. I plan to sell (but I planned a month ago
The real kicker? The big losses are in the RRSP and TFSA where I can't claim capital losses. The taxable account? Meh, $3K capital loss so...$1.5K? Meh.
Bce plan is to stop the dividend growth ufn which is a smart move. So no dividend increases in the future.
I'm torn between growing the business and paying down debt. If they could bring in more revenue with the acquisition which is their plan, fantastic. I don't know how possible that is in the US. Not of fan of taking on another 2b in debt with the deal.
At the current price the dividend looks pretty sexy, but I've been burned by this sexiness before. If they can show some an increase in net profit with this acquisition and hammer down the debt I would consider buying bce again. Perhaps in a couple of quarters I can reassess.
I'm torn between growing the business and paying down debt. If they could bring in more revenue with the acquisition which is their plan, fantastic. I don't know how possible that is in the US. Not of fan of taking on another 2b in debt with the deal.
At the current price the dividend looks pretty sexy, but I've been burned by this sexiness before. If they can show some an increase in net profit with this acquisition and hammer down the debt I would consider buying bce again. Perhaps in a couple of quarters I can reassess.
In a nutshell, Bell spent a shitload on building a fibre network, only to have upstarts be allowed to piggyback on that network after citing unfair competition practices. As a "fuck you" to the Canadian courts & government, BCE is looking to expand their business into the US (the Ziply acquisition). It also made a few other acquisitions & partnership agreement in the US over the past year or so.
I've held BCE for nearly 40 years, and just bought alot more this week. In a few years, BCE should be back to being the money-making machine its always been, but probably making US dollars rather than loonies.
I've held BCE for nearly 40 years, and just bought alot more this week. In a few years, BCE should be back to being the money-making machine its always been, but probably making US dollars rather than loonies.
I predicted that BCE would go up a week ago, the Trump victory may have put a damper on the stock. The indicators are still there @ $39.49. BCE may go up this week.
As I have previously said, BCE is a Slo Mo Joe stock and I would put my money else where. Why not talk about BCE, this is a business thread. What is your pick for a profitable stock?
lol , bought coinbase and meta in q4 of 2022... oracle (after it tanked and almost hit 100 in q1 2024)
robinhood after it dumped in Nov 2023
missed Nvidia, but can't win them all
I bought RDDT at 50. Wow, it's been a rocket. Just wondering if I should sell just some of it or jeep holding.
Where do you think BCE bottoms?
I bought Meta near the bottom as well, still have it. I had Oracle but sold it too early.
Missed out on Nvidia as well.
Bought MSFT when it tanked, still hold most of it, sold some of it at 460. It's been treading water for awhile now.
Bought Meta it crashed after earnings. Held forever but it just kept bleeding and sold at a loss.
Bought Tesla near top, panic sold at bottom.
Bought NVDA at bottom but sold JUST before chatgpt was released and the AI craze started. Could have tripled my money.
Lesson I learned: stick to index funds. And Bitcoin of course.
Bought Tesla near top, panic sold at bottom.
Bought NVDA at bottom but sold JUST before chatgpt was released and the AI craze started. Could have tripled my money.
Lesson I learned: stick to index funds. And Bitcoin of course.
BCE $38.75 has been moving in a sideways consolidation since the beginning of the month it may be at the bottom now. The big financial institutions are buying all they can get their hands on. RDDT $128.66 may get a bounce before the week is out. MSFT $31.04 ( Canadian Hedged ) may also be in for a bounce this week.
RDDT is a new IPO so there are a lot of enthusiastic buyers for the stock. Personally I would buy at the dips and sell on the peaks on RDDT. I am not a buy and hold investor.
I own pieces of different telecoms.
BCE has a fat divvy, and sliding share price.
QBR is a good sized cel market in PQ.
Telus does ok.
Verizon has done well for me.
ATT has done well also.
Most recent upstart holding is TICO, for latin american cell carrier exposure.
Yet to make a profit, but there is a proxy war to take it private so that has goosed the share price since I bought in .
BCE has a fat divvy, and sliding share price.
QBR is a good sized cel market in PQ.
Telus does ok.
Verizon has done well for me.
ATT has done well also.
Most recent upstart holding is TICO, for latin american cell carrier exposure.
Yet to make a profit, but there is a proxy war to take it private so that has goosed the share price since I bought in .
I predicted that RDDT would go up from $128.66 in post #220, it went up to $135.04 ( +4.95% ) before going back down to $130.25. There may be a double blip this week as I am predicting it will go higher again.
