03:24:24 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Bombardier Inc
Symbol BBD
Shares Issued 1,932,013,593
Close 2015-05-29 C$ 2.58
Market Cap C$ 4,984,595,070
Recent Sedar Documents

Inv Reporter says hold Bombardier

2015-05-29 20:52 ET - In the News

The Investment Reporter, in its May 22, 2015, issue, says hold Bombardier Inc., recently $2.63. The 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 $14,709. Bombardier is working to improve its liquidity. By March 31, 2015, the company had raised its cash to $4.73-billion (U.S.) from $2.48-billion (U.S.) at Jan. 1, 2015. It also raised $822-million (U.S.) by issuing shares. Bombardier is planning to sell a minority interest in its rail equipment business and expects to conduct an IPO in the fourth quarter of 2015. The company will continue to own most of its rail equipment operations. High-speed trains are better than cars for intercity travel; the Reporter likes the outlook of the rail business. Bombardier earned an adjusted nine U.S. cents a share in the quarter ended March 31, 2015, up from eight U.S. cents a share a year ago. It is expected to earn 30 U.S. cents a share in 2015 and an even lower 26 U.S. cents a share in 2016. Bombardier is a hold if you need no dividends.

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