BCE
- Thread starter Carvher
- Start date
I do not know to what it will go up to, I only know when it gets up there. Yes, it will come down. I am counting on it to. That is how you can make a profit on a stock over and over again.
I only buy when there is a probability of profit, sell when the probability is all exhausted.
I am not a buy and hold guy anymore. Why buy to see it go up and then down on you. Why not just buy and take the profit. Leave the losses to the U-men.
Actually BCE is not something I would buy, it is too slow for me.
Here's my take, BCE is attractive at these levels and while the market believes their dividend is unsustainable, the key metric to watch for is FCF. From the last read of their FY report, if memory serves, it was still positive and they're able to cover the dividend.
Here's the potential catalyst...when interest rates start to fall....BCE and other defensive stocks are going to start climbing because their interest costs are going to be lower boosting bottom line and/or CAPEX budgets for future projects to generate more revenue. No one can "time' the market well anyways...so why bother. Sit back and relax on the 8% yield while we ride out some turbulence.
FYI - I pulled the same move during COVID crash on SU...yes they cut their dividend and I had anticipated that anyways. They restored and grew it from pre-COVID. Call me a bag holder I guess? At the end of the day.....if you're long-term, you're buying the business that is generating cash at a steady pace, don't expect Nvidia level capital gains.
Let me know what you guys think lol.
Here's the potential catalyst...when interest rates start to fall....BCE and other defensive stocks are going to start climbing because their interest costs are going to be lower boosting bottom line and/or CAPEX budgets for future projects to generate more revenue. No one can "time' the market well anyways...so why bother. Sit back and relax on the 8% yield while we ride out some turbulence.
FYI - I pulled the same move during COVID crash on SU...yes they cut their dividend and I had anticipated that anyways. They restored and grew it from pre-COVID. Call me a bag holder I guess? At the end of the day.....if you're long-term, you're buying the business that is generating cash at a steady pace, don't expect Nvidia level capital gains.
Let me know what you guys think lol.
Well, in non registered accounts we have the dividend tax credit. But sometimes I think it distorts our thinking.
Looks like it's suffering from some erectile dysfunction first. I think it goes back to 51 towards year end, assuming we have a couple of interest rate cuts
It's the sort of stock which generally does nothing except trade within a range. i.e. no capital appreciation. I'm down 10% but have collected loads in dividends over the years. Just collect the dividends while you wait for price recovery
I can tell you one thing that is sure about the stock market. That is that there is nothing for sure on the stock market. The markets can be influenced by environmental, political, and economic condition. There can be a contagion of fear or a rush to buy for no reason. There is not one sure way to invest in stocks, the people that get it right more often than wrong are the ones with a strategy. I invest on probability, not speculation. BCE gave an indication that it was a buy at the time. My track record is 8 or 9 times out of 10 right. BCE is not a stock that I would watch or buy, it is too slow for me. When I buy a stock. not only do I predict the up potential I also predict the down potential. So I would have been stopped out at $46.90, limiting my loss. The trend higher started at $45.60 on Thursday. BCE should go higher from here.
I suspect you are like the vast majority of investors and are a buy and hold type. You may see you stocks go up and then go down. If your prediction for BCE @ $51.00 at the end of the year is right, you will have had to wait 9 months for your profit. Where as I would have taken my 2-5% several times a week on different stocks.
I just want to add that some of the things mentioned hear sound contradictory. "There is nothing for sure on the stock market" and yet the later portions sounds like you're an expert in timing the market. If that's the case, you're a billionaire now right?
