BCE Blue chip growth stock Message Board

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Gold/Mining/Energy : BCE Blue chip growth stock

BCE 22.29

-1.7%

Nov 4 4:00 PM EST

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To: DYW who wrote (95)	12/22/1999 10:14:00 PM
From: Robert Salasidis	Read Replies (1) of 275

Remember to take into account the fact that a spinoff and subsequent sale of nortel shares by a BCE holder would face higher capital gains taxes than selling nortel stock bought at the same time as BCE (assuming purchase of BCE vs Nortel is a recent event). This is because the cost basis of the Nortel shares owned by BCE is much lower than the current Nortel price. This is why holding companies aften trade at a discount. Having said this I agree that the BCE price should appreciate (relative to Nortel), and the effects of the capital gains taxation can be eliminated by holding the stock in a tax sheltered investment account (eg. RRSP).

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