The cut was needed, certainly. While we would not expect miracles here, with its large size, dividend, and valuation we think there is still potential in BCE. Sentiment is low, and any positive news could see positive price movements. Rates are also likely to go lower, which should help the stock. It certainly would not be on our top pick list, but we think it has more potential than most REITs from current levels (we are not taking tax into account here, only upside potential). We would be OK buying 'some' and seeing how it does in its turnaround plan before adding more.
5i Research Answer: