Q: I am currently break even on my BCE holding. What is your current opinion on the stock given it's recent strength despite the general market weakness? I am certainly expecting a dividend cut starting with the July payment. Would you regard it as a hold or sell?
5i Research Answer:
The worst is likely over here, and we think a dividend cut would actually be well-received by investors at this point. We would regard it as a HOLD but could be accumulated (slowly) into any new weakness that develops.