Q: I have 3% position in BCE down 30% nonregistered account. I am thinking of selling and buying BN for long term. Can I have your thoughts?
5i Research Answer:
After its decline we would consider BCE a HOLD today, unless one wants to sell/re-buy for tax purposes. We do consider BN a better company overall and it likely has far more long term upside. We would be OK with a switch if an investor wanted more growth and was comfortable with a significantly lower yield. BN has been a solid long term performer, unlike BCE.