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BCE has been a dog for the most part. Stock price today the same as 3 years ago. I am not convinced it has 'growing' power any more. Any gains in wireless gets lost in Bell Media and land lines.

Added: One of the reasons I like Telus better is no media arm to drag results down. Both network and cable programming is withering in this digital age.
 

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BCE says that when interest rates rise, they actually save money on their pensions. https://www.bnnbloomberg.ca/bce-is-an-ironic-dividend-stock-poised-to-benefit-from-higher-rates-ceo-1.1079636

"But we actually generate more cash flow if interest rates go up, as a company, which is a very unusual situation because of the history of our pension and what we’ve done in this country"[says the BCE CEO]

I read that BCE is one of the stocks that's expected to rally in the next two months. Let's see.


the effect on pension payout is thought to be a solid issue, i believe. For years, toronto forensic accountant Al Rosen has been warning that BCE's financial statements don't show the huge liability of their pension payouts. Any relief on pension obligations due to rising interest rates could improve bell balance sheets.

recently i was looking at a few charting features for BCE - stochs, bollinger bands, RSI, even the money flow index so favoured by cmffer pluto - & i was surprised to see how bullish these forward-looking indicators were. BCE could have a bounce, we'll see as mrs partridge says.
 

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BCE says that when interest rates rise, they actually save money on their pensions. https://www.bnnbloomberg.ca/bce-is-an-ironic-dividend-stock-poised-to-benefit-from-higher-rates-ceo-1.1079636

But we actually generate more cash flow if interest rates go up, as a company, which is a very unusual situation because of the history of our pension and what we’ve done in this country.

I read that BCE is one of the stocks that's expected to rally in the next two months. Let's see.
I hope you're right (and so far you're but it's only been less than 2 weeks..) I am a bit under, so I would love BCE to pick it back up.
 

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I have been looking at adding BCE to my current holdings as a core long term hold. The stock doesn't seem to go up or down alot. Is an entry point as simple as just buying it when you have the money rather than trying to find a lower price entry. Also as most if not all stocks will go down to some degree in a correction how does BCE hold up. Thanks for any info or input.
 

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I’m a huge BCE fan and hold quite a lot. My only future concern for any telecomm is the daft liberal agenda to reduce cell phone pricing. Apparently they think that a country as large and as sparsely populated as Canada should not merit any premium pricing to compensate for this fact.
 

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I have been looking at adding BCE to my current holdings as a core long term hold. The stock doesn't seem to go up or down alot. Is an entry point as simple as just buying it when you have the money rather than trying to find a lower price entry. Also as most if not all stocks will go down to some degree in a correction how does BCE hold up. Thanks for any info or input.
Morningstar have BCE, Telus and Shaw on their "Consider Buying" list. Fair value quoted was $66, $50 and $29 respectively. BCE is my largest holding across all accounts, so not planning on buying more. Have some Telus in RRIF, but no Shaw.
 

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I’m a huge BCE fan and hold quite a lot. My only future concern for any telecomm is the daft liberal agenda to reduce cell phone pricing. Apparently they think that a country as large and as sparsely populated as Canada should not merit any premium pricing to compensate for this fact.
I think that is mostly a red herring....because what I have read (as compared to know for fact) is that pricing plans have already come down almost the full amount spouted by the Libs and NDP. Rest assured the telecoms would reduce their capital plans on 5G if they have to reduce pricing plans further. That all said, I expect there to be some headwinds on market valuations due to this overhang....but nothing material. Disclosure: I own Bell, Rogers, Telus and would never own Shaw.
 

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The stock doesn't seem to go up or down alot. .
It has a 10 year CAGR of 14.54%...so it does like to go up. (BCE is still over 20% of my net worth).
I don't think its cheap right now,(I've been selling some\at any rate) but give it a bad quarter or more socialist rulings from the CRTC can make entry less pricey.

(I would never own Shaw either...another TransAlta )
 

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It has a 10 year CAGR of 14.54%...so it does like to go up. (BCE is still over 20% of my net worth).
I don't think its cheap right now,(I've been selling some\at any rate) but give it a bad quarter or more socialist rulings from the CRTC can make entry less pricey.

(I would never own Shaw either...another TransAlta )
It's not cheap, but then neither are equities in general. Trading at $64 vs Morningstar's $66 Fair Value, it may still be a buy for first time buyer. For us, it has been a stellar performer. Total Return about double TSX Composite over time we have owned it.

Only Shaw we own - Dish plus two receivers and a PVR :) They work well!
 

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my concern has always been Where & How can canadian telcos grow? they're not active outside canada - Bell's international foray some years back was a disaster - so growth in this country is limited to cellphone expansion plus population growth by immigration.

i've been puzzled by BCE's whopping recent advance & assume this is due to ongoing flight to dividend payors, in particular those that are perceived to be quality dividend payors.

negatives being said, of course i own Ma B along with everybody else & am not even planning to cut back ...
 

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There's a new internet space race coming. Hard to say how much this will impact Cdn telcos long term or if they will manage to line the pockets of their CRTC buds to shelter them from competition again

SpaceX is launching hundreds of internet satellites per month to get Starlink functional before the next hurricane season. Its first satellites cover most of Cdn populations because of how orbital inclination works. Haven't heard if they have acquired downlink frequency spectrum in Canada but they have in US.

Now multiple companies both US and abroad are planning to also launch 1000s of internet satellites. SpaceX pricing is said to be very attractive and others will compete. It doesn't replace terrestrial internet but it certainly can take a chunk out of the more lucrative performance plans because this should be faster (lower latency) especially in rural areas like most of Canada

With aging population aint no millennials paying for network tv or land line. 5G network will be the profitable moat
 

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BCE has traded near this valuation for close to a decade. Always has a 5-6% yield. But they have nearly a lot more customers than 10 years ago - over 3 million new Canadians in that time. And the average bills are much higher. The growth is incremental, but 3-5% a year, every year, over a decade, adds up. As they invest more, their moat gets stronger - no international teleco is going to come here and invest, especially not outside the big 6 cities.
 

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They don't have to come here anymore though. 1000s of satellites orbiting over most other countries will also orbit over the majority of Canadian populations.

The only thing they need from Canada is frequency spectrum. SpaceX got around this by using undesirable frequencies and directional antennas

I suspect that as space internet grows they will buy up better frequencies which only improves the technology. BCE doesn't even see this coming they are so sheltered
 

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I read that Musk is developing the Starlink satellite internet system, so he can make money selling internet services. The money is needed for his Mars program - eventual colonization of Mars. He figures that sooner or later we will have ruined Earth and will need an alternative.

He is running behind Schedule. In early 2018: Speaking to a packed theater in Austin, Texas, Musk said he expects SpaceX to begin making short trips back and forth to Mars in the first half of 2019.

Subarus already have Starlink. But only in USA. Maybe there will be a TM issue :) https://www.subaru.com/engineering/starlink.html

SORRY - I guess this thread is about BCE - Back to our regular programming.
 

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They don't have to come here anymore though. 1000s of satellites orbiting over most other countries will also orbit over the majority of Canadian populations.

The only thing they need from Canada is frequency spectrum. SpaceX got around this by using undesirable frequencies and directional antennas

I suspect that as space internet grows they will buy up better frequencies which only improves the technology. BCE doesn't even see this coming they are so sheltered

undesirable frequencies will dampen or end spaceEx plans for canada. Surely it couldn't have been a money thing, that they had to buy cheap undesirable frequencies. Surely they could have afforded better frequencies from the getgo.

this leads me to wonder whether the crtc prevented them from buying better frequencies initially. Does this mean that the only thing intervening between present situation & good-bye-forever-canadian-telcos is continued CRTC ability to control bandwidth.

does everybody else understand about all this & i am the only one who doesn't? or are we all clueless retros?

call me stick-in-the-mud but i much rather have an internet somewhat attended to by the crtc than an internet sold to me by elon musk
 

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SORRY - I guess this thread is about BCE - Back to our regular programming.
Isn't BCE in the internet market? Who subscribes to landlines anymore. I would imagine it's a major market besides cell data

undesirable frequencies will dampen or end spaceEx plans for canada. Surely it couldn't have been a money thing, that they had to buy cheap undesirable frequencies. Surely they could have afforded better frequencies from the getgo.
Rather spacex designed this network to use less desirable frequencies because they are more readily available and relatively cheap. They require bigger and more sophisticated directional antenna to use less desirable frequencies

The most desirable frequencies are used for things like radars, military communication, and analog TV signals that have since been auctioned off by CRTC to Cdn telcos. Getting such freqs around the world would cost far more than simply launching 12,000 satellites today

call me stick-in-the-mud but i much rather have an internet somewhat attended to by the crtc than an internet sold to me by elon musk
CRTC still controls the electromagnetic spectrum in Canada. All countries police and control their EM spectrum with the same vigor they defend their land, seas and air spaces (and sometimes space space) CRTC auctioned off spectrum for example to explornet in Canada (antiquated satellite internet from viasat geostationary sat) I don't see anywhere that spacex has secured frequencies in canada yet

FANG stocks, military stocks, china, russia, europe et al want in on this lucrative new pie. BCE probably doesn't even see it coming yet, but they may own the coveted freqs, at least in canadia
 
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