Portfolio holding BCE (BCE) receives a favorable write-up in this week's edition of Barron's. BCE has been a fine performer for me. I bought my position at $23.01 in USD, late sold 25% of my stake in the mid-to-upper $30s during a time of takeover speculation, and have held ever since.
I agree with the Barron's piece, though if someone has gotten in to Verizon at a good price they shouldn't lose any sleep. I think telecoms might do well going forward, and with their fat dividends goodness knows there are worse places to hang out.
I agree with the Barron's piece, though if someone has gotten in to Verizon at a good price they shouldn't lose any sleep. I think telecoms might do well going forward, and with their fat dividends goodness knows there are worse places to hang out.
I'll add that, as a resident in the US with prospects of a hurting US currency over the longer term on my mind, I like that BCE is a Canadian outfit. From the linked story:
A secondary attraction of BCE shares over U.S. peers: BCE pays its lush dividend in Canadian dollars to all shareholders, a currency in a long-term uptrend against the greenback and underpinned by attractive fundamentals. Investors who are bearish on the U.S. currency or are seeking a hedge for it thus have added reason to check out BCE -- which looks better than the rest to win a competitive face-off.
I note that David Rosenberg has been saying the Loonie is overvalued by a few cents compared to its American counterpart. Yet he still likes it longer term compared to the American dollar -- and so do I.
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