2024-01-22 18:00:00 ET
Summary
- Our covered call strategy for BCE outperformed a straight buy and hold, providing the same dividends with lower capital deployment and less volatility.
- We examine the Q3-2023 results and tell you where the soft spots were.
- We run BCE's valuation against its 2 rivals, TELUS and Rogers, and show you why this one makes more sense today.
On our last coverage of BCE Inc. ( BCE ) ( BCE:CA ), we gave it a buy rating, recognizing the relative valuation of this telecom play compared to both TELUS Corporation ( T:CA ) and Rogers Communications Inc. ( RCI.B:CA ). At the same time, we refused a direct entry and opted for a covered call as part of our recommendation. We specifically identified the $55 covered calls as a superior investment to a straight buy....
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BCE: Attractive Valuation Relative To TELUS And Rogers