BCE: 3 Reasons We Sold The Preferreds And Moved To The Common

Summary

  • We had disclosed our position in the BCE preferreds that was significantly larger than what we held in the common shares.
  • The time to reverse that trade has come.
  • We go over our rationale and tell you why we did not go about it in our usual manner.

Bell Media main office for Toronto and its logo with the Canadian National Tower (CN Tower) in the background. Bell Media is one of the biggest mass media and television broadcasting company in North America

BalkansCat

All values are in CAD unless noted otherwise.

We have written about BCE Inc. (NYSE:BCE) several times and the last few articles have had one central theme. Buy and hold the preferred shares as they were more attractive relative

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Analyst’s Disclosure:I/we have a beneficial long position in the shares of RCI.B:CA, BCE:CA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Please note that this is not financial advice. It may seem like it and sound like it, but surprisingly, it is not. Investors are expected to do their own due diligence and consult a professional who knows their objectives and constraints. Most of our articles are not written for "buy and hold" investors. Our articles are definitely not written for investors who ignore capital preservation while focusing only on yield.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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