The end of BCE downward spiral coming soon?

BCE is currently suffering some big losses following the latest earnings. The reasoning behind seems mostly because of the projected continuation of a decreasing revenue. It has been mentioned clearly by the CEO that this decrease is a result of a pending regulatory change and competitive market.

My point of interest is in the fact that they’re currently projecting for these negative factors to continue throughout the year. However, if the regulatory changes are not followed through with the upcoming change of government I would assume it would change the company’s outlook on future growth.

There’s also the dividend issue, clearly stated that it is not currently aligned with company policy and the high ratio definitely implies a cut coming.

I am buying because I don’t think there is any more bad news that is coming for them. The cut and regulation changes seem to both be priced in by now and once they’re done I think the bear case will loose most of its steam.

TLDR; BCE probably has no more bad news and I am expecting the bears to run out of steam this year.