RE:RE:Silly to Expect Instant Turnaround with a Huge CompanyPierre, I checked your facts on your two points below and have to disagree.
1. Some large institutional investors are increasing the value of their shares. Here they are:
- GE Asset Management - Bought 2,583,375 shares, new position, date of portfolio 31/10/2016
- JF Asset Management - Bought 1,088,023 shares, increase of 247.25%, date of portfolio 14/01/2016
- Vanguard Group - Bought 496,340 shares, increase of 1.51%, date of portfolio 31/10/2016
- Wilen Investment Management Corp - Bought 347,900, new position, date of portfolio 30/06/2016
- J. Safra Gestion - Bought 343,690, new position, date of portfolio 31/10/2016
- Wilen Investment Management Corp - Bought 347,900, new position, date of portfolio 30/16/2016
- Dimensional Fund Advisors LP - Bought 245,100, increase of 9.63%, date of portfolio 30/09/2016
- Dimensional Fund Advisors, Inc. - Bought 141,800, increase of 869%, date of portfolio 31/08/2016
- STANLIB Asset Management - Bought 135,418, new position, date of portfolio 31/03/2016
- Santander Private Banking Gestion SGIIC - Bought 121,221, new position, date of portfolio 31/10/2016
- GAM Investment Management (Switzerland) AG - Bought 117,339, increase of 53%, date of portfolio 31/07/2016
- RBC Private Canadian Mid Cap Eq Pl Sr F - Bought 70,200, increase of 10%, date of portfolio 31/07/2106
2. Quebec's Caisse is the largest institutional shareholder. Here's what Caisse CEO Michael Sabia said about Alain Bellemare:
“We’re already pretty constructive around the company in general,” Sabia said. “I guess that’s reflected in what we’ve done.”
Bellemare, hired a year ago with a mandate to restore profitability, is ”doing virtually all of the right things,” Sabia said. Having revamped the leadership team and reached agreement on $2.5 billion of financing in late 2015, the Bombardier CEO unveiled plans last week to cut 7,000 jobs over two years and bolster cash flow.
“Alain Bellemare is doing a very good job,” Sabia said. “We take our hat off to him because it’s not an easy job. Alain has been there about a year, and in the history of a turnaround, those are early days.”
pierrelebel wrote:
The Canadian investment community knows how long it takes to turn things around.
Individual investors buying 1,000 or 10,000 or 50,000 shares do not really dictate the price. That is done by the large investment firms. And. let's face it, if they had the confidence many posters here have in Mr Bellemare, the shares would have gone UP in value in two years and would trade north of $4 or $5.
Reality check: these large investors are not increasing the value of the shares, are they?
BBD.B closed at $1.91 today.
Try to convince those large Canadian institutional investors that Mr Bellemare is doing a great job. Good Luck.