Q: Given this morning's announcement and stock reactions, would you consider switching from BCE to either Telus or Rogers?
5i Research Answer:
We have comments posted on the announcement today. For now, with a 10% decline in the stock, we would hold. But the company may have lost credibility here, and with the dividend set to be flat for a while we think it may struggle for a while longer. But we would prefer not to sell into the 'shock' of the news. After the stock settles in, we would be comfortable switching to T.