11:12:12 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Bombardier Inc
Symbol BBD
Shares Issued 1,444,132,126
Close 2015-02-27 C$ 2.60
Market Cap C$ 3,754,743,528
Recent Sedar Documents

Inv Reporter refreshes Bombardier buy

2015-02-27 20:12 ET - In the News

The Investment Reporter, in its Feb. 20, 2015, issue, refreshes its buy of Bombardier Inc., recently $3.90. The faithful Reporter said buy 29 times from Aug. 12, 1996, to Jan. 30, 2015, at prices ranging from $2.68 to $36.65 (the stock split 2 for 1 on July 8, 1998, and again on July 5, 2000). Assuming an investment of $1,000 for each of the 29 buys, the $29,000 position would now be worth $21,812. Bombardier faces risks and most investors are fearful. Successful investor John Templeton said that it is best to buy stocks "at the moment of maximum pessimism." Bombardier has some things going its way. First, the company remains profitable. It is thought to have earned 40 U.S. cents a share in 2014, up from 38 U.S. cents in 2013. Next, Bombardier can take some actions to improve its cash position, such as eliminating its dividend. If more drastic action is needed, the company can sell part of its commercial aircraft segment or split up its aircraft and train equipment manufacturing businesses into separate entities. Also, the Reporter thinks Bombardier could win some business from airlines that distrust the Airbus-Boeing duopoly. Brave investors following Mr. Templeton's advice can pick up Bombardier stock at a bargain price for big potential gains.

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