2024-04-22 13:42:19 ET
Summary
- BCE is a leading telecommunications provider in Canada with a strong market share and a diverse media business.
- BCE shares have plummeted while the market has rallied, creating an attractive entry point.
- While BCE does face increased competition in wireless, I believe the company's cheap valuation more than prices that in.
There is an old investment axiom to be greedy when others are fearful, and fearful when others are greedy. In the case of BCE Inc. ( BCE ), it appears investors are certainly fearful, as the stock has lost an incredible 28% in the past year when the rest of the markets have been powering higher (Figure 1).
Figure 1 - BCE has massively underperformed the market (Seeking Alpha)
Are investors right to be fearful about BCE Inc., or does this selloff represent a good opportunity to snap up shares on the cheap?...
Read the full article on Seeking Alpha
For further details see:
BCE: Why I Added This 9% Yield To My Portfolio