Is this the bottom?
Who can say? That's the $64,000 question. Even company insiders would be hard pressed to hazard a guess. They don't really know if CSeries will attract further orders before some customers decide or are forced to opt out. Bombardier has a huge backlog of around $70-B last time I looked. That's huge. It's unusual for a company with such a large backlog to have such a low valuation. But Bombardier's debt load is high. That makes betting on new aircraft like CSeries a bit risky. It's a good airplane, but it's hard to get a handle on how much demand there will be for it since the market for this size is relatively untried. Hopefully BBD will turn here. The shorts have definitely made about as much as they can reasonably expect. Any shareholders left have to be pretty stubborn diehard animals like myself.