With tax loss season upon us. I see it at 30 35 with yield of 13% 16%. BCE will be inpenalty box for years.
BCE
- Thread starter Carvher
- Start date
Apparently earnings will be coming out shortly. Interesting to see what happens.
fucksakes. I've been losing money on this for years.
VERDUN, Quebec (AP) — VERDUN, Quebec (AP) — BCE Inc. (BCE) on Thursday reported a third-quarter loss of $873.8 million, after reporting a profit in the same period a year earlier.
The Verdun, Quebec-based company said it had a loss of $1 per share. Earnings, adjusted for non-recurring costs, were 55 cents per share.
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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
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.
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) 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.
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
