The Successful Investor Hotline – Friday, January 9, 2015

Article Excerpt

In next week’s Successful Investor Hotline, we’ll reveal our #1 stock pick for 2015. Don’t miss this unique opportunity to profit. BCE INC., $54.35, Toronto symbol BCE, recently agreed to buy Glentel Inc. (Toronto symbol GLN), which sells mobile phones and subscription plans through 494 Canadian stores, mainly under the Wireless Wave banner. Glentel also has 735 U.S. outlets and 147 in Australia and the Philippines. The company will pay $594 million (50% cash and 50% in BCE common stock) for Glentel’s outstanding shares. If you include Glentel’s debt, the entire deal is worth $670 million. To put that in context, BCE earned $648 million, or $0.83 a share, in the three months ended September 30, 2014. However, rival wireless carrier Rogers Communications (Toronto symbol RCI.B) legally challenged the takeover. Rogers claims that its existing deal with Glentel gives it the right to block any change in control. As a result, BCE will sell half of Glentel to Rogers, and the two companies…