Thursday, November 27, 2008

Bells are ringing

By that I mean one bell really, and its not really ringing. I'm talking about Bell Canada (BCE).

As you may know the second largest leveraged buyout of all time stands to fall apart because the people over at TD and Citi managed to bribe KPMG into finding some fault in the deal (well that may not be true but I like to think they did anyway).

The good news is the shares are trading in a range that, if you think Bell has any economic moat at all, you might find yourself in for a deal. I know I did.

Disclaimer: If you buy BCE shares because of this post you are probably not mentally stable, and you may lose money.

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