Q: I have heard many times not to buy a falling knife. I currently own BCE and after many years I am now at an overall loss position. I am a senior and dividends are very important. What should I do, Buy more, or put a bag over my head and hold my breath, or sell?
thanks
thanks
5i Research Answer:
We cannot provide personal guidance but we would consider BCE OK to hold for now. If a position size is lower than target we would be OK slowly accumulating into further weakness. Sentiment is very low but lower interest rates and the company's cost-cutting programs could change sentiment over time. No dividend is guaranteed, but we do not believe a cut is imminent.