Buying BCE Inc.

A full portfolio position in BCE Inc. (BCE/NYSE) was purchased today. The shares closed in New York at $23.01.

I'm swamped with non-blogging duties (yet again) and don't have time put my notes into a posting this evening. And won't have time Friday morning, either.

But I want to report the purchase to readers and I will have my rationale for buying the stock up on the blog in the next day or so.

One thing attracting me to BCE is that it is in telecommunications -- an area shunned by most investors. Competition is fierce and new technology is always a threat. Yet my hunch is that these concerns are factored into the stock price, making this company a textbook example of an out-of-favor bargain. More later.