RE:FS Comeau - just curious?
Acuras1 wrote: We'd all be blind to think Bombardier's C-Series isn't a monumental risk. Boeing and Airbus have been ferocious in defending their duopoly.
But what I'm asking myself after reading your post is: what's a guy who has never owned Bombardier shares (and who adds he never will) doing posting on this forum?
Just curious.
Honest answer: when BBD.B offered new shares at $2.40, I jumped on it like my life depending on it. I thought it was the bargain of the century. Unfortunately, the very few "new" shares my broker had went into the hands of institutional investors, and I was pissed.
TBH BBD.B is certainly worth more than $1.15 - if it stopped the CSeries project right now, sold it for a couple of billions and focused on its train and private jet business. Since that won't happen, it is worth perhaps $0.20 per share. Perhaps.
The C-Series is a fantastic plane. BBD.B is led by the worst managers of all time and you don't change such a culture just by replacing the CEO.
Bombardier will live on, but BBD.B is dead. After the 10 to 1 reverse split, BBD.B will stabilize around $3.00-$4.00 per share, and people will all be like, "well, it still trades at a few dollars like it always did."