TSE:BCE

BCE Inc. (BCE.TO)

29.10
+1.02 (3.63%)
as of Oct 22, 2026, 8:00:00 pm Market Closed.
2006 watching
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COMMENT
Speculation that parts of the company could be spun off as income trusts. Have a long history of moditizing some of their value into an income trust with Bell Nordique.
TOP PICK
An interesting aspect is that the sum of the parts are worth more than the whole. Have 5 million cellular subscribers worth a considerable amount of money at about 8.5 X cash flow versus phone companies at 5.5 X cash flow. BCE trades around 5.5 EBITDA. Have other assets they could sell (Bell Globe Media). With that cash, they could buy shares back.
DON'T BUY
He has the new balance sheet in and his model price, based on that, is $28. His model price has always been below the stock price.
BUY
From a yield play, this stock is fine. They'll earn their dividends fairly handily. Longer term growth is still a bit of an issue. They've been working at it. Being challenged as the incumbent on the telephony business with strong competition from VoIP companies who are more nimble. Will take some market share from them.
DON'T BUY
Has not been a fan of this company for a number of years. Not as proactive as it could be. Dividend growth has been virtually non-existent for 10 years. Earnings are flat. Top line is flat.
BUY
A good holding for those that don't like risks. Good dividend. Great brand name. Too neglected by the market.
DON'T BUY
Has been disappointed with management. They've sold assets too cheaply or hanging on to ones they should be selling. Their core business keeps getting eaten away by their competitors.
DON'T BUY
Doesn't see very much in growth terms for this stock. Has a nice dividend.
TOP PICK
Thinks there's a bit of a short term play here. They're probably going to look at doing something with Bell Globe Media. That could add a lot of money to their coffers. They are also talking about parts of their business being moved into a trust. With all this money, they would probably reduce their debt, increase the dividend. 4.5% dividend plus $2/3 as a conservative investment it could be alright.
TRADE
The only reason he can figure that telcos did well is that as bond yields come down, the dividends just look better and better.
HOLD
Good and steady in a $5 range is the best thing he can say. Not a great deal of harm to it. Pays a dividend. Would rather buy Manitoba Tel (MBT-T).
DON'T BUY
Doesn't like the overall telecommunications industry. Far too much competition. Move to Voice over IP put a lot more pressure on.
DON'T BUY
FDC just announced a 25% reduction in fees for high speed internet. A fight is brewing between the cables and telephone companies. It's going to be ugly. A pretty tricky area to be in right now.
DON'T BUY
Has not positive on the stock, but is starting to look at it. There is uncertainty about voice over internet. If it traded over $30 for awhile, he might get interested.
WEAK BUY
Raised their dividends. Their is competition coming in like voice over internet. 4.5% dividend. Difficult to see this stock doing much more than 5/10% a year.
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