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BCE (TSX:BCE) stock is arguably one of the most enticing falling knives, not just in the Canadian telecom scene but the entire Canadian high-yield universe. When you hear of the telecom titan, what do you think of? Relative stability, market dominance, a generous dividend, and a lower beta (less correlation to the TSX Index) may come to mind.
Undoubtedly, BCE stock has crumbled like a paper bag (around 40% peak to trough) since topping out back in the first half of 2022. That’s some serious downside for a stock that many retirees and cautious investors likely owned for the long term, primarily because of the impressive dividend.
The 5G boom may have enticed investors to jump into the stock when it blasted off, pretty much going parabolic in the back half of 2021. As it turned out, even chasing a seemingly safe blue-chip stock like BCE was a bad idea. Not only did the parabolic pop enjoyed almost three…
