BCE: The 7.1% Yielding Preferreds
BCE(BCE) Seeking Alpha·2024-09-09 22:00
Steven_Kriemadis/E+ via Getty ImagesOn our last coverage of BCE Inc. (TSX:BCE:CA) we gave it a tentative buy but suggested investors get in some additional buffer via covered calls. As our longtime followers know, we are generally very skeptical of even positive returns from these levels in the indices and hence use buffers in almost all but the most compelling long cases. For BCE, we suggested $55.00 covered calls, which were slightly in the money. Author's App That reduced the cost basis down to $52. ...