My canadian business
A thread on the Financial Webring discussion forum asks “How safe is BCE's Dividend?” One poster said the dividend on the common stock, now yielding 6.4%, was getting too “yummy” and possibly signaling trouble ahead. Another referenced a Globe and Mail article highlighting increased rivalry between BCE and Rogers Communication ...

Read the rest of this entry »

According to the most recent management proxy circular, BCE Inc. paid six executive officers a total of $15,761,246 or almost $0.02 per share in "One-Time Privatization Transaction Related Payments" during 2008. Now if memory serves when it was announced on Nov. 26, 2008 that the deal would not go through, ...

Read the rest of this entry »

Bell announced yesterday it was acquiring all 750 of The Source electronics retail stores in Canada.

Read the rest of this entry »

When opining about the proposed BCE privatization, the last thing anyone should do is make firm predictions. Nevertheless, it's looking like this deal is dead. After some 20 months of twists, turns, sharp corners and speed bumps, this oversized Bell Canada service van just got its wheels blown out by KPMG ...

Read the rest of this entry »

It was only Monday that BCE stock rocketed almost 10% on news that CitiGroup would be the recipient of US$20 billion in bailout funds from the U.S. Treasury. As the lead lender on the deal to acquire BCE, the smart thinking was that the massive leveraged buyout of BCE spearheaded by ...

Read the rest of this entry »

I may end up regretting this, but I bought BCE Inc. shares on its 35% plunge caused Nov. 26 by some auditors concluding a privatized BCE would not be solvent. What prompted the purchase -- admittedly on the spur of the moment -- was reading that several analysts think BCE shares ...

Read the rest of this entry »

Beware of the “purchase agreement” that propelled BCE Inc shares to $39.50 in recent days, says Harry Levant in a report on his Income Trust Research website. What was signed was a Definitive Agreement, not an Agreement for Purchase and Sale. An actual sale has not occurred and ...

Read the rest of this entry »

The speedy, 7-0 decision reached June 20 by the Supreme Court of Canada highlights how straightforward the case was against BCE bondholders. The judges will provide their reasons at a future date but I’m guessing they will be similar to those outlined in my May 22 post.

Read the rest of this entry »