Teachers Pension Fund must be kicking themselves for passing up a chance to grab BCE for the lowy price of $42 a couple of years ago.
Bell Canada Enterprises
- Thread starter Rockslinger
- Start date
They may have the chance of buying it again if Bell Canada continues to have bad management. Goldman Sachs would be perfect at $130, it's at $142 right now though. The one stock I am keeping my eye on is RIM, it's only $42 I'm thinking about buying some shares, I got a feeling they will sky rocket to about $65 in the fall.
BCE's D&Y is one of the best I've seen in a while. They've come a long way since 2008. I'm definitely getting some shares from them since they also beat rogers in getting more wireless customers signed up on contracts, which means the stock is not going down for the rest of the year. As for RIM I think you are right even if they get the playbook running with EMAIL, it would probably be too late to get the hype buying customers. It will be a Bear market for RIM from here on in.
BCE is doing pretty well these days because their new management team has resolved many of their fundamental problems. The biggest problem BCE had was their former CEO Michael Sabia who lets face it, couldn't run a piss up in a bar never mind a complex operation like BCE. Under George Cope's leadership, many of the structural problems have been resolved and Bell Mobility has at last started to realize some of it's potential.
Prior to joining BCE, Michael never worked in the real world (only in government). I hear he is now at the CPP. George Cope actually had real life telecom experience prior to joining BCE. He is one of the positive results of the Teachers failed BCE bid.BCE is doing pretty well these days because their new management team has resolved many of their fundamental problems. The biggest problem BCE had was their former CEO Michael Sabia who lets face it, couldn't run a piss up in a bar never mind a complex operation like BCE. Under George Cope's leadership, many of the structural problems have been resolved and Bell Mobility has at last started to realize some of it's potential.
He had some experience with CN when it was taken private by Paul Tellier and IIRC was CFO there. Then BCE before they kicked him out and he is now CEO of Caisse de dépôt et placement du Québec. I guess you can't really go wrong managing somebody elses money. Let's just hope he stays there and retires from there. He is a perfect example of why corporate Canada has not been as great as it should have been for the last 50 years.Prior to joining BCE, Michael never worked in the real world (only in government). I hear he is now at the CPP. George Cope actually had real life telecom experience prior to joining BCE. He is one of the positive results of the Teachers failed BCE bid.
Yup, some brokers get 2% of their clients' money in good and bad markets.I guess you can't really go wrong managing somebody elses money.
