Market Currents

• Thursday, November 12, 2009

• 07:48 AM BCE (BCE): Q3 EPS of $0.84 beats by $0.16. Revenue of $4.46B (+0.5%) in-line. (PR) (-all figures in $Cdn.) Comment!

• Thursday, August 6, 2009

• 09:00 AM Premarket gainers: RTK +161%. SXCI +27%. MBI +20%. CSIQ +19%. ABK +18%. FNM +18%. AIG +15%. AIB +14%. THOR +11%. GNW +11%. CIT +9%. CBEY +9%. CRIS +9%. UDR +9%. CYTR +8%. M +9%. BZ +7%. UN +7%. LYG +7%. PMI +6%. ETFC +6%. WEN +5%. FIG +5%. BCS +5%. KFN +5%. HIG +5%. BEAT +4%. SOL +4%. GPS +4%. DRL +4%. YGE +4%. CHK +4%. CETV +4%. TLAB +4%. BCE +4%. C +5%. ONNN +4%. LDK +4%. HBAN +4%. Comment!

• Thursday, May 7, 2009

• 07:22 AM BCE (BCE): Q1 EPS of $0.57 beats by $0.04. Revenue of $3.6B (-0.5%) vs. $4.3B. (PR) Comment!
• 00:05 AM Notable earnings before Thursday's open: ACM, ANSS, ARE, ATPG, BID, BCE, CAM, CLR, CSE, CVC, CXW, DTV, DYN, FTO, FTR, GG, GM, GNA, HOC, HRP, LAMR, LINE, LXP, NDAQ, OHI, PCS, PRGO, PXP, RDC, RGLD, SLE, TDC, WEN Comment!

• Wednesday, February 11, 2009

• 08:24 AM BCE (BCE): Q4 EPS of $0.55 beats by $0.04. Revenue of $4.5B (-0.7%) in-line. (PR) Comment!
• 00:05 AM Notable earnings before Wednesday's open: AGU, AYE, BCE, CCE, DF, DVA, GENZ, IR, JNY, LVLT, MAC, MICC, MMC, MT, RAI, SPIL Comment!

• Thursday, December 18, 2008

• 10:11 AM BCE (BCE) sues the Ontario Teachers’ Pension Plan and private-equity firms for a C$1.2B ($1.01B) breakup fee, alleging the group withdrew from the now-failed takeover prematurely. Shares +2.5%. (previously) Comment!

• Wednesday, December 17, 2008

• 16:47 PM With BCE (BCE) back on the desks of analysts following the death of its takeover plans, rival Telus (TU) suddenly looks less spiffy. Comment!

• Thursday, December 11, 2008

• 15:30 PM Thicken My Wallet's post-mortum on the now defunct largest privatization in history. "There was a lot more press about break-fees and debt tests than actually, oh I don’t know, making BCE (BCE) a better company." Shares -2.6%. Comment!
• 07:28 AM BCE Inc.'s (BCE) C$52B ($41B) takeover, set to close today, falls apart after the buyers terminate the deal, citing a KPMG report that the leveraged buyout would leave BCE insolvent. BCE may have to buy back shares and restore its dividend to placate investors. Comment!

• Monday, December 8, 2008

• 17:14 PM PricewaterhouseCoopers to say BCE Inc. (BCE) will be solvent after the C$52B private-equity takeover that values BCE at almost twice its current market cap. (previously) Comment!

• Friday, November 28, 2008

• 12:46 PM Many of BCE's (BCE) 15 directors think the company's slated landmark privatization has a 'remote' chance of proceeding at $42.75 a share after KPMG delivered a near-fatal blow in a preliminary judgment about BCE's finances. They're not thinking about repricing the deal. Comment!
• 12:05 PM BCE Inc. (BCE) has dispatched two senior officials to do battle with a relatively unknown KPMG partner who is blocking the world's biggest LBO buyout. At the same time, is is turning its attention to life without a takeover. 1 Comment

• Wednesday, November 26, 2008

• 12:42 PM If the BCE (BCE) takeover is dead, look for CEO George Cope to quickly move to life without a buyout, Globe and Mail's Streetwise blog says. BCE is flush with cash that can quickly be deployed on a share buyback. "That can only boost the stock." Comment!
• 09:06 AM Premarket losers: BCE -39.5%. RTP -15%. YGE -13%. JASO -12%. TIF -11%. LCC -11%. DE -9%. ING -8%. IFX -7%. UBS -6%. AAUK -5%. ALU -5%. Comment!
• 07:47 AM The $42B private-equity takeover of BCE Inc. (BCE), slated to close on Dec. 11, hits a huge snag after an independent valuation firm refuses to deliver BCE a solvency certificate - an express condition to the merger. Shares -24.5% to $23.20, down from $31.28. The deal price: $34.90. (PR) Comment!