Bombardier Inc. T.BBD.A

Two things

[Snowey]

Canada 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.
 

1. 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.

 

2. 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

[PabloLafortune]

US listing. 

[Snowey]

Pablo, Brilliant

[PabloLafortune]

Bombardier already reports in USD and has to comply with all US regulations generally (not securities specifically) and they do but they aren't getting the benefit of the huge US retail investor base who unlike many Canadians, do not have a negative opinion of the company to begin with. The debt overhang remains an issue and Bombardier needs to continue aggresively bringing it down. One thing

[BBDB859]

Great points Pablo. We should be on the NYSE. That even the problem of the "uptick rule"

[BBDB859]

Sorry. I meant it even SOLVES the shorting with implimintation of the "uptick rule".

[PabloLafortune]

Hi 859, I'm sorry but what is this uptick rule? I find it easier to trade in Canada than in the US tbh but I don't doubt that its not as well regulated as down south.

[clubhouse19]

Uptick rule was that if you wanted to shirt a stock it had to be done higher than the previous trade of that stick. Was abolished in 2007 and was partially reinstated in the US. Canada just left it abolished completely sucking up to bay street

[BBDB859]

Hi Pablo. The need to partially implement the "Uptic Rule" here is as important as it was in the US, as Club explained how it works. The reason I researched it was also due to Club making me aware of it, way back early in the 2018-9 shorting of the Bomber shares. The way I remembered it was that, the "uptic Rule still allows shorting. But a shorter can only the stock on the upswing

[BBDB859]

Sorry reposted Pablo, I left out the word short. But a shorter can only "short" the stock on the upswing of the stock. 

[Jacques4444]

Hi, for what reason BBD ist not on NYSE? Ty

[Truthifest]

I asked the head of HR earlier this year about the Company getting listed in the US.  He gave a non-answer answer.  Some of you guys should ask, too.  They might not even think it's any kind of priority.  Overdue time to change that.  

[BBDB859]

Club is good at these types things. He gets through to Richer. I'll certainly give it a go too. In fact I stopped in the midle of this post, so I can do it. So I've sent it off to general Relations. In fact I just sent one to Richer too.

[clubhouse19]

I would not be too enthusiastic at a US listing right now... In any case, how many of these requirements does BBD.b meet.. I will let those most interested and enthused about this listing to review. 859..maybe you can ?  you can find other exchnge requirements here also. https://venturelawcorp.com/listing-requirements-of-the-new-york-stock-exchange/    

[BBDB859]

Sorry Club. I just tried the site and got bogged down on some requirements. That site you sent for the NYSE listing requirements, is geered more to traders. It's way more trading oriented, I have expertise on the Economic side. I'm not that familiar with trading lingo. For example, the # of shares traded daily or yearly. I think that someone who trades this daily should do it. I get it

[Nordico]

Why ask the head of Human Resources questions on corporate finance? And what people should also be emailing investor relations about is buybacks, buybacks, buybacks. Why hasn't Bomber amended its NCIB with the tsx to allow them to purchase more than 600k shares for the year. Not doing so puts out a signal of weakness to those abusing the shareprice. I sure hope they've been buying up the

[Truthifest]

HR was a typo by me.  Head of IR is who I contacted, via email.   I believe they should not use any of their cash on buybacks, but keep doing what they've been doing and spend it on development and debt reduction.  This is a competitive capital intensive industry and they're still too leveraged.  

[BBDB859]

I agree with your assessment of the LTD been too large at $5.5B. We are all in agreement here on the Board. We've talked about this. I'm under the opinion that it  should come down to about $4B by 2025. It desperately needs to, to even keep up with the basic commitments. The huge Buybacks are not in their path right now. Even $4B is still high in mho. I would feel comfortable at $3 to

[Truthifest]

Agreed, and not just by the few investors here on this chat board, but by the investment community at large, as evidenced by the very low multiples.  A highly leveraged pure play in a cyclical industry?  That's what happens.  And the Company knows this, of course, which is why their financial focus has been and will continue to be, aggressive debt reduction.  I hope short

[Truthifest]

And why they've been trying hard to diversify---services, defense, etc.  Reduce cyclicality.  On top of the growth it brings, of course.  

[BBDB859]

I don't know if I agree that they've short-changed any development Truth. Yes they are going after the military contracts strongly, like their competitors. But as far as, not investing what must be invested in their programs. I think they done a great job. Their whole platform is very competitive.

[Truthifest]

Haven't checked in awhile, but for a couple years Dan Foley remarked that Bomba needs to upgrade at least one of their planes.  I can't remember which, I think a smaller one maybe, but he would point out what Gulfstream was doing, mostly.  And recently Enbraer got a ton of orders IIRC for such aircraft.  And Dassault has a wider than Bomba's big plane coming in 2025

[BBDB859]

I think what you're referring to Truth is, the Challenger 650. It was the one that needed referbishment. The Global 6500 was refurbished, and they did it along with Global 6000. This is the plane that's been attracting so much attention on the Military side. Can someone with any knowledge on this, try to answer Truth's question. My knowledge on all the models, is just not up

[BBDB859]

Hi Truth. I just remembered the name of the knowledgeable poster on the Bomber planes platform. His name was stockitnow. He hasn't posted here for some time. I used to  enjoy reading his posts.

[flyman12]

B. Could you also have been thinking of Starsearcher80? Haven't heard from him in quiet a while. 

[BBDB859]

No not Starsearcher. Because Star was just a pumper/trader, with extensive trading experience, he (star) was an in, and out guy.  The guy's handle I'm thinking of was Stockitnow. He was a pilot. He knew planes, and was very educated on them.

[Truthifest]

I remember Stockitnow.  Could use his comments again.  I didn't always agree with those, but it added value to this board.

[BBDB859]

Ye it did. His info was valuable. we need those informative posters. Cheers

[clubhouse19]

Yup...You have to wonder since he claimed emphatically that there was no such thing as the stock being manipulated or even naked shorted even at the height of the last major take down and in face of all the evidence and allowed by the regulations as published  .  Nothing much was learnt whatsoever from this poster that has not been stated here already by most.

[PabloLafortune]

my sentiment as well.

[clubhouse19]

Kevin Oleary stated that canada is the richest country in the world but rub by a bunch of idiots.. This multi mission jet fiasco is a prime example. https://finance.yahoo.com/news/richest-country-earth-run-idiots-121500708.html And as to the debt According to The Econ- omist magazine, Canada's to- tal national debt stands at more than US $1.1 trillion or $32,506 per capita. To put that in

[clubhouse19]

Add to that that Canada prefers the here and now take your money and run investment strategy as shown daily by the action in the canadian stock exchanges and how the rules are made. This morning is a prime example. so after i sold this morning after the run up now I wait to get back in as many others in this Canadian market are doing.the Bomber not being the only target.. Until that changes, this

[stock4life48]

US national debt is $100,839 per capita (3x that of Canada) https://www.usdebtclock.org/

[clubhouse19]

I lookesd further into the natiaonal debt per capita  and this is the latest I found.   https://en.wikipedia.org/wiki/List_of_countries_by_external_debt List of countries by debt[edit] Country/Region Per capita US dollars External debt US dollars % of GDP % of total wealth[1] Date  United

[Snowey]

I am trying to see if I can dig deeper.   New Bombardier is not on US exchanges but trades in US in over the counter as BBRBF.  Average volume of 42k so about 10% of shares. In Canada BBD.B average volume 481.6k  Yahoo finance list Held by Insiders as 1.45% and Held by Institutions as 17.16% (mutual funds like Vanguard and ETFs, there are about 98 of these)   So, I end up

[clubhouse19]

Institutions are not buying in while most of those so called canadian owners are simply transitory owners that flip the stock on a dime and participate in constant short attacks because it is that easy in canda to do so as is the counterfeiting of shares.  The regulators and politicians are ill equipped to deal with the power of banks both here and below the border by whom near  the

[BBDB859]

Club, if you remember our past discussions here about the Banks? The rule in Canada is that, that "Shorters" aren't alowed to Short the Bank stock, and this, makes it even more hypocritical

[Jacques4444]

Nice analyse. Completly agree.2024 will be great, 2025 will be huge, very huge. From now, it can easely double, and as you said, maybe triple. Q4 can bring some change by Institutions, the debt will go down sharply, 2025 can bring dividend perpective and buy out shares. G8000 can be ''the'' private airplane of the future. Defense department going well, services for 5000 airplanes

[clubhouse19]

The US market is doing much better. IMO its not that they are doing much better ..perception becomes reality while the whole world revolves around the us economy and perceived differently.   How can you move forwrad when Canada and the provinces continue to trash their own and keep on sucking up to below the border for fear of reprisal.