RE:RE:RE:share consolidationIt makes sense to consolidate. GE did the same last year after selling of some of their business unit. GE had said it didnt make sense to have so many outstanding shared for a smaller GE. Same logic applies to Bombardier. Bombardier is less than half the size now after selling rail and commercial aeropsace division yet have same number of shares before those units were sold. Upside is that institution might buy bombardier and down side is that shorters will have higher sp to bring down. Also at current price bombardier stock is day trader with ease. Higher sp will discourage some from playing with this stock. Less outstanding shares sets up well for dividends but for now we are not there. Only time will tell when the consolidation will happen and what will be the results, but we all know this consolidation had to be done and was expected.
Luckyeleven wrote: They said anywhere form 10 to 30 to 1 or not. Honely their reasoning is weak as there is all kinds of liquitdity right now as far as trading goes so just don't see the point. Maybe it may remove some restrictions for institutional investors. I'm sure i wil be long gone before any of this may happen. On the bright side Canadian energy shares just flying today. Had a great day in energy while BBD was like watching paint dry.