It's appalling these shares are trading at a discoI find it appalling that these shares are not trading at a premium. When we are witnessing before our eyes the disaster in the auto industry and in comparison to see the consistent strength in future orders for Bombardier; it's a shame to see the Bombardier shares floundering around.
I am not giving up my firm beliefs that Bombardier's business will not suffer through this purposely developed recession.
Remember the fiscal year of our Government begins April 1st and that's when the new money starts its roll. I am sure the next 3 months will be positive to get more people working regardless of the problems in the automotive business. Personally, I have lost respect for the executive breed in the North American auto sector who have cheated the parts suppliers who have been pushed to the brink of bankruptcy with $millions not paid to them by the assemblers of automobiles.
What I am trying to say here is that it is better to ignore the problems in the Auto sector and keep up the faith in industries like trains and planes. I don't these manufacturers asking for handouts.
Barring any unforseen writedowns in the April 2nd earnings report, these shares should make a rewarding advance during the next few months. And if we are lucky, we might see that 4 cent quarterly dividend.
Good luck to all longs.