Financial Markets Meltdown

[fishtank]

Originally Posted by Map Maker

My two cents.

Bce is paying almost 9% dividend yield. Most of us bought when the dividend yield was 5-8%.
So most don’t need dividend increases and makes sense until the company is about 70% payout.

BCE just mentions the dividend and shaky investors bail like the sky is falling.
But my skeptical side is they brought this up to see what the reaction is because corporate would love to cut dividend so they can have more cash flow.

It’s an oligopoly so I’m just holding and will take the 6-8% dividend.

They will recovery as mention it an oligopoly in Canada it just Roger, Telus and bell. They run all the telecommunications and Canada pay the highest rate for cellular and internet services.

[bdub]

Originally Posted by trailraat

So what is everyone's thoughts on BCE pausing the dividend growth and the Ziply acquisition?

The market told you all you needed to know today. Already in a pile of debt and now overpaying for a business in the States where they want to spend a bunch on upgrading to fibre?? They should have used the cash from the sports deal to pay down debt and maybe shore up after a couple debt downgrades.

And the whole sector is having a tough time to make matters worse. Just look at the performance over the last ten years for any of the telcos. Painful. Not interested in bottom fishing here either.

[Mydogbark]

I will admit I am a bit nervous about the US election’s effect on the market. Took some chips off the table so I could sleep better tonight. Fingers crossed.

[KGB]

I am not sure if anyone here had this local Alberta company in their sight but if you did invested in it a year ago- you must be laughing your head off all the way to the bank! Terra Vest industries out of Vegreville… 175% run up to date! Wowsers!

[DiabeticKripple]

STEP energy is going private again.

Rumours floating around that they were gonna go bankrupt, so ARC financial stepped in again.

[flydude]

Great day for those who own American banks. JP/Citi/Wells all up nicely.

[Map Maker]

And American steel stocks (CLF)
Up 17% just this morning.
America voted for economy

[Fisherdan]

Update on some picks from last summer…

Originally Posted by Fisherdan

Just thought I would update… all three stocks trade on the TSX. The last one, TerraVest, came out with earnings today and crushed it. It is a small cap, that doesn’t pay much of a dividend though. So it probably doesn’t fit the Company profile that most people on here are looking for.

ATD
July 7: 79.37
August 14: 82.55
Nov 7: 76.80

TFII
July 7: 199.59
August 14: 199.90
Nov 7: 204.12


TVK
July 7: 70.95
August 14: 90.84
Nov 7: 114.18


TSX
July 7: 22 126
August 14: 22 760
Nov 7: 24 845