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Strategies & Market Trends : Underexposed Canadian Stocks

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To: Underexposed who wrote (46)	6/12/2018 12:57:14 PM
From: Underexposed	Read Replies (1) of 65

Today we are looking at a relatively expensive stock - BCE.Inc [TSX:BCE] Here is a description of the company: BCE Inc is a telecommunication company. It caters to residential, business and wholesale customers with solutions for all their communications needs. The share price currently is $55.23 The dividend yield is 5.479% with a monthly payout of $0.755/quarter This is a decent dividend but it is so expensive that we could only get about 390 shares at this price and the amount of cash that we currently have... but those shares will give a $300 dividend every 3 months. BCE financial reports Balance Sheet (annual) Short term debt : rising slightly to about $5 Billion Long term debt: rising slightly to about $18 Billion over the last 5 years Income Statement (annual) Total Revenue : Very consistent at about $21 Billion Net Income: Stable at about $2.9 Billion There are no red flags in the FA for me... high debt but has the revenue to cover it I think Technical analysis P&F and Trigger charts The P&F chart is not bullish as it may seem with a Double Top breakout. That dashed red line is a diagonal resistance at $55.50 which reinforces the horizontal resistance . then if that is passed it runs smack into a resistance band from $56.50 - $57.00 mildly bearish the column SMA's have not reversed and does not show a sign of it happening yet. bearish Well that is the really bad news... it gets better thankfully. In the Trigger chart we see by the indicators that we have a buy signal right now.. bullish The share price is nicely tracking the upper bollie... bullish The 20daySMA has crossed the 50daySMA...bullish Sentiment and Ichimoku charts In the Sentiment chart shows a Par Sar that looks pretty good however I don't get excited unless that reversal takes place in the throat of a bollie squeeze... mildly bullish the Force 30 has pulled itself out of the mud and has a nice slope ... bullish the RSI(30) is pretty much flat with a positive drift now ... neutral bullish the DI+/- shows a recent bullish cross that is diverging the Ichimoku chart looks very good. The share price has burst from a red cloud... bullish The thin blue/red lines are bullish and diverging ... bullish The onBal Vol is flat ... neutral The CCI is bullish Conclusion The financials are ok... very stable debt and income.... I think it is pulling out a dive finally Let's do the bull/bear comparison Bullish:.................. 8 Mildly Bullish:....... 1 Neutral Bullish:.... 1 Neutral:................ 1 Neutral Bearish: Mildly Bearish:.... 1 Bearish:............... 1 Bullish:.................. 7 Mildly Bullish:....... Neutral Bullish:.... 1 Neutral:................ 1 Neutral Bearish: Mildly Bearish:.... Bearish:.............. Clearly this stock is quite bullish. The fly in the ointment is the P&F chart that shows many hurdles in the future. Overall not a bad choice Tomorrow I will look at Brookfield Real Estate Services Inc. [TSA:BRE] UE

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