RE: Bombardier "sellLook in the mirror, Mr. Canaccord. Your insiders have been dumping Canaccord shares for months. Your analysis sucks.
Flying American Eagle tomorrow. Never took a Bombardier plane before. Hope it will be CRJ 700 this time instead of Embraer 135 that I usually get stuck with.
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Friday, December 01, 2006 2:48:31 AM ET
Canaccord Adams
NEW YORK, December 1 (newratings.com) - Analysts at Canaccord Adams maintain their "sell" rating on Bombardier Inc (BBD.B.TOR).
In a research note published yesterday, the analysts mention that the company has reported the 3Q07 results for its Transportation business broadly in-line with the estimates and for its Aerospace business short of the estimates. The uncertainties surrounding Bombardier's position in the regional jet business for the long-term is adversely impacting the company's earnings, the analysts say. The company is witnessing intensifying competition in the transportation business in North America from Alstom and Kawasaki, Canaccord Adams adds.