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Bombardier Inc. T.BBD.A

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

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.


TSX:BBD.A - Post by User

Bullboard Posts
Post by DBNORTHon Apr 05, 2018 12:25am
278 Views
Post# 27833759

Scotia's Turan Quettawala

Scotia's Turan QuettawalaFor a few days, Turan withdrew the Scotia Capital report on BBD and I was concerned. It had been positive for so long and earlier, negative when it should have been. It has returned. There are a lot of positive outlooks for BBD among analysts, but few view the stock in the short term. Wish someone would ask AB when he's going to build all those planes. Here's Turan's April 2 take on things: "OUR TAKE: We met with Mr. Alain Bellemare, Mr. John Di Bert, and Mr. Patrick Ghoche last week. BBD's management team remains very focused on executing toward its 2020 goals. As well, cementing a culture of performance and cost control are important LT objectives which should pay dividends in the future. Mr. Bellemare is confident that the Airbus partnership will help to increase the value of the CSeries. Airline interest is strong and there may be some proof of that at the Farnborough Air Show in July. More details on this are in the note. The equity issue came earlier than expected as we had thought that BBD may issue shares to fund the purchase of the BT stake in 2019. Cash from the issue will help to shore the balance sheet during the next six months as BBD hits trough cash on its turnaround plan. The cash balance should start to look healthier as we transition into 2019 which should allow flexibility to use cash to fund the BT stake purchase. We continue to see a positive risk/reward scenario for BBD shares and recommend that investors build positions at current levels. While our current TP is $4.50, we think that there is upside up to $6.00 as shown in Exhibit 2" Sounds like I should take a few deep breaths while everyone loads up with $3.60 shares.
Bullboard Posts