Two thingsCanada is in trouble financially. I blame government overspending (mismanagement). Basically, we are in recession. Look around. Canadians are financially stressed. The US market is doing much better.
There are two things I am thinking about:
1) Bombardier client locations and how they are doing and 2) The ownership of BBD shares. - Bombardier clients. Bombardier are telling us that their clients are doing well. For example, flight hours up for the fleet carriers, so they are awash with FCF. Majority of sales are to US, Europe, Middle East, Asia. Beautiful. Bombardier Book to Bill is doing well so no problem yet.
- BBD shares. What percentage of stock ownership is Canadian and what percentage is outside Canada? Does anyone know? Are the shares Canadian majority owner?
Do we have to wait for Canada to recover out of recession before we get top dollar for our shares?
Me, I have serious confidence in BBD, but I am afraid that the Canadian economy scares me.
What do you think?
All the best,
Snowey