The Successful Investor, in its September, 2014, issue, says buy BCE Inc., recently $48. The Investor said buy 29 times from May, 1995, to January, 2014, at prices ranging from $24 to $198 (the stock split 2 for 1 on May 12, 1997, and 4.2 for 1 on May 3, 2000). Assuming an investment of $1,000 for each of the 29 buys, the $29,000 position would now be worth a gratifying $70,992. BCE has offered to pay $3.95-billion in cash and shares for the 56 per cent of Bell Aliant Inc. it does not already own. Bell investors have three options: $31 in cash, 0.6371 of a BCE share, or $7.75 in cash plus 0.4778 of a BCE share. BCE will cap the cash portion at 25 per cent of the total payout. The newsletter recommends choosing the all-stock option. That way, you can defer capital gains on the BCE shares you receive. If adding more shares would increase your BCE holdings to more than 10 per cent of your portfolio, then you should select the all-cash option. BCE remains a buy.