09:46:07 EDT Wed 24 Apr 2024
Enter Symbol
or Name
USA
CA



BCE Inc (2)
Symbol BCE
Shares Issued 839,588,116
Close 2014-12-22 C$ 53.35
Market Cap C$ 44,792,025,989
Recent Sedar Documents

Inv Reporter refreshes BCE buy

2014-12-22 21:05 ET - In the News

The Investment Reporter, in its Dec. 12, 2014, issue, refreshes its buy of BCE Inc., recently $52.68. The Reporter said buy eight times from Feb. 13, 1995, to Feb. 15, 2000, at prices ranging from $43.37 to $173.25 (the stock split 2 for 1 on May 12, 1997). It said sell half on Feb. 28, 2000, at $160.75. Assuming an investment of $1,000 for each of the eight buys, selling half the $8,000 position at $160.75 would have yielded a profit of $7,985. The Reporter then said buy 20 more times from Sept. 29, 2000, to Aug. 8, 2014, at prices ranging from $23.06 to $49.65 (the stock split 4.2 for 1 on May 3, 2000, and 1.09 for 1 on July 11, 2006). Assuming an investment of $1,000 for each of the 20 buys and taking into consideration the $4,000 investment left from the Feb. 28, 2000, one-half sale, the $24,000 investment would now be worth $56,947. BCE has agreed to pay $594-million for Glentel Inc. Glentel sells wireless products and services in 494 retail stores in Canada. It also has 735 stores in the United States and 147 outlets in Australia and the Philippines. BCE will pay the purchase price with cash and shares. The parties expect to close the deal in the first quarter of 2015. BCE remains a buy.

© 2024 Canjex Publishing Ltd. All rights reserved.