Bombardier Inc. T.BBD.A

Alternate Symbol(s): BDRXF | BDRAF | BDRBF | T.BBD.B | T.BBD.PR.B | T.BBD.PR.C | T.BBD.PR.D | BDRPF | BOMBF

Industrials Aerospace & Defense

Bombardier Inc. is a Canada-based manufacturer of business aircraft with a global network of service centers. The Company is focused on designing, manufacturing and servicing business jets. The Company has a worldwide fleet of more than 5,000 aircraft in service with a variety of multinational corporations, charter and fractional ownership providers, governments and private individuals. It operates aerostructure, assembly and completion facilities in Canada, the United States and Mexico. Its robust customer support network services the Learjet, Challenger and Global families of aircraft, and includes facilities in strategic locations in the United States and Canada, as well as in the United Kingdom, Germany, France, Switzerland, Austria, the United Arab Emirates, Singapore, China and Australia. The Company's jets include Challenger 350, Challenger 3500, Challenger 650, Global 5500, Global 6500, Global 7500 and Global 8000.

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Comment by Nordicoon Feb 21, 2024 4:12pm

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Post# 35891745

RE:RE:RE:RE:SP

And yes, Bomber needs money for 'other things' as well, but using $50M or so of the $560M CAD annual profitibility is prudent corporate finance activity - beats letting the market abuse your shares and shareholders senseless.

Nordico wrote: Amend the current NCIB (since the 2024 NCIB will only start in April or May) to allow for another 600k shares to be repurchased for the purpose of cancellation, given the extreme undervaluation of shares trading on the open market. They don't have to keep doing it either; can taper the buyback program again once the SP is back above $60.

clubhouse19 wrote: They are only to buy back shares for the employee incentive options...why would they buy back more shares than are needed ? would it be just to cancel them when they need the moneys for other things ?