TSE:BCE

BCE Inc. (BCE.TO)

30.60
+0.13 (0.43%)
as of Nov 13, 2026, 9:00:00 pm Market Closed.
2003 watching
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DON'T BUY
A telco stock but to him it is more of a utility. There is some positive with its wireless growth but in an economic recovery utility stocks tend not to do well. Not expensive at 10X forward PE. Very strong dividend. Well below its 50-day and 200-day moving averages.
TOP PICK
Strong cash flow and very stable. Growing wireless. 6.1% dividend and board of directors has pledged to raise it.
COMMENT
Yield of 6.4%. It is now incumbent on management to show investors they can grow the company. If you are looking for more growth he would look to Rogers (RCI.B-T), Shaw (SJR.B-T) and Telus (T-T), in that order.
DON'T BUY
Owns the bonds but no shares. Not a particular fan of the equity. As a couple of problems. 1) Has some difficult competition in Ontario and Quebec. 2) Wire exposure is not as good as Telus (T-T). Would prefer Telus instead.
HOLD
Interesting to be with a strong telephone company and earned some good money and perhaps even improve. 6.2% yield, which is capable of being hiked.
TOP PICK
Likes it under $25. New management. Good yield of about 6%.
BUY
Not anticipating huge growth out of this stock. However it is a nice defensive play. Great dividend. Best balance sheet of the 3 major telcos.
COMMENT
Important thing to look at in this sector is whether a company is a leader or a laggard in the industry. Rogers (RCI.B-T) has a leading technology and is probably the “go to” stock. This company and BCE (BCE-T) are relatively safe and ok for yield. 6.2% yield.
BUY
Downside is quite limited. Very secure 6.2% yield. Have about $2.5 billion cash on the balance sheet. Will be a slow, steady performer. Very impressed with management.
TOP PICK
Teachers pension plan sold their holdings, which depressed the stock. 6% yield. Pretty defensive.
BUY ON WEAKNESS
Teachers Pension has been liquidating this stock. Interesting book value of about $20 and 6% dividend yield. He might buy back in if it pulls back a little.
TOP PICK
In a potentially risky market this one has already hit its all-time low at its book value of about $22. Has a nice yield if you are looking for income and safety. Has an upside target of around $30.
DON'T BUY
Have under invested in their business in the last couple of years. Competition has made gains that it will be tougher for them to gain back. Not the best company in the space. He prefers Telus (T-T).
TOP PICK
Locking in dividend yields. This one has a yield of about 6.5% and the company has given strong indications that the dividend will rise. Can see the stock price going up to $30.
TOP PICK
He has been moving from cyclical names to more defensive names, which have lagged. Trades at about 5X EBITDA with a 6.4% yield. Has over 9% in free cash flow. Everything they wanted to do is coming through now.
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