Is BCE a Buy now with its recent news and share price tumble? Current yields are close to 10%

Thanks for sharing your thoughts 😄

I'm not really a fan of BCE. The company has mismanaged their balance sheet quite badly over the last few years.

They stated the sale of MLSE would be used to shore up the balance sheet and then proceeded to spend all the money and then some on the acquisition they just made.

I do believe there is a good chance we see the company cut the dividend in 2025 if the situation doesn't improve immediately.

Down almost 12% in the last couple days, suppose there is a risk/reward and it will jump up again, but I do wonder if it's dead money for quite some time.

If BCE couldn’t pay for their dividend with FCF before their recent purchase, I don’t think it’s going to be any better now🤔