{"id":963,"date":"2007-07-11T01:09:19","date_gmt":"2007-07-11T05:09:19","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=963"},"modified":"2007-07-11T01:09:19","modified_gmt":"2007-07-11T05:09:19","slug":"yet-more-bce-preferred-press","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=963","title":{"rendered":"Yet More BCE Preferred Press"},"content":{"rendered":"<p>I just noticed <a href=\"http:\/\/www.canada.com\/nationalpost\/columnists\/story.html?id=dc271b78-5e03-4b7b-9b11-78d4684f56f1\">this National Post article<\/a> from July 4:<\/p>\n<blockquote>\n<p>&#8220;If any other consortium is going to do a privatization, I think a precedent has been set by Teachers and the board of BCE,&#8221; said John Nagel, an analyst at Desjardins Securities who specializes in preferred shares. &#8220;The common, preferred and minority interests will have to be looked after in any subsequent deal.&#8221;Even if Telus Corp., a rival telecommunications company, makes a subsequent bid for Bell, it will also feel pressured to redeem the preferred shares rather than leave them trading below par<\/p>\n<\/blockquote>\n<p>John Nagel&#8217;s long term track record was not disclosed. He might be right &#8230;\u00a0but I&#8217;ll stick to my guns and say these issues are far too risky to be held in a fixed income portfolio.\u00a0<\/p>\n<p>Link for browsing purposes: <a href=\"http:\/\/www.prefblog.com\/?p=953\">S&#038;P Leaves BCE on Credit Watch Negative<\/a>.\n<\/p>\n<p><!--998998a2a5e27bec55d3c14448c11290--><\/p>\n","protected":false},"excerpt":{"rendered":"<p>I just noticed this National Post article from July 4: &#8220;If any other consortium is going to do a privatization, I think a precedent has been set by Teachers and the board of BCE,&#8221; said &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-963","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/963","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=963"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/963\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=963"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=963"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=963"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}