18:44:15 EDT Thu 18 Apr 2024
Enter Symbol
or Name
USA
CA



Bombardier Inc
Symbol BBD
Shares Issued 1,932,621,624
Close 2016-07-22 C$ 1.98
Market Cap C$ 3,826,590,816
Recent Sedar Documents

Inv Reporter upgrades Bombardier to buy

2016-07-22 21:20 ET - In the News

The Investment Reporter, in its July 15, 2016, issue, says buy Bombardier Inc., recently $1.94. 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 $10,850. The Reporter has upgraded the aircraft maker to buy. On June 29, Bombardier delivered the first of its C Series aircraft to Swiss International Air Lines. The airline is putting one CS100 plane into service; it has many more C Series plane on order as it plans to gradually replace its Avro RJ100 fleet. As more deliveries take place, Bombardier's cash flow should improve. Even better, the delivery to Swiss will give Bombardier's C Series aircraft more credibility. The Reporter also expects the company to win more orders in the years ahead, particularly since some airlines will want to end the Airbus/Boeing duopoly's hold on the market. As its cash flow improves and the company starts earning money again, the shares could keep rising. Bombardier is a buy if you can accept a "higher risk" stock and need no dividends.

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