Bombardier Inc. T.BBD.A

Dumped the last of my PR.D.

[mnztr]

It was a good run, in at 4.25 out at 21.24, but the divvy is no longer worth the company risk. BBD makes excellent private jets, but its the only player that does not have any militray or larger aerospace component to it. I see very expensive product replacements required in the Challanger line, and even the Globals are not a properly integrated family with the 5500 and 6500 not FBW. They need to update those and make the entire family integrated just like Gulfstream is doing. With their balance sheet, I just do not see how they can afford it. I also do not see a good candidate to buy them other then Airbus, and they will ensure they get a distressed price Getting over 20, with yield down below 6% was too good to pass up.

[BBDB859]

Congrats Mnztr. You were a good asset and information source here, when you participated. I've had a lot of respect for your opinions. Though didn't see eye to eye on some topics,I still respected your views. Cheers 859

[PabloLafortune]

The pref Ds reset every 5 years that is to say July this year (as last time was July 16, 2017) which is based on 5 year Canada rate which was ~1.5% 5 years ago and is now - checking marketwatch - 2.75% - PLUS a premium set by NBF and Scotia (was 2.75% 5 years ago) based on credit ratings?, . the actual rate for the D's will be announced in June (was June 16 in 2017). So D divi is most likely

[bicente]

"or none of the above " ..LOL..... thanks for that ,I enjoyed that one ...whatever they decide , everyone will be making money ...GLTA   quote=PabloLafortune]The pref Ds reset every 5 years that is to say July this year (as last time was July 16, 2017) which is based on 5 year Canada rate which was ~1.5% 5 years ago and is now - checking marketwatch - 2.75% - PLUS a premium set

[BBDB859]

Pref D's look interesting Pablo. The only thing is, from what mnztr was saying, they're $25.00 now. I would have been smarter to get in 2018 or 2019, or even 2020 for $4.00. I lost that upside. Who knew what would happen to the common B's with this Bay Street Brothel (club). Oh well, the story isn't over yet, on either commons or prefs. I'll try to balance thing before July

[mnztr]

DO you know how the premium is calculated? I may get into the Pref B's

[PabloLafortune]

Not sure - Its arrived at by 2 banks, 5 years ago it was a premium of 2.75% for greater risk/credit rating related? Be careful - I believe they have the option to redeem the D's, thus negating the B conversion option?