How To Get Out At Low AltitudeI'm out.
After many years of owning Bombardier in a big way I took my losses and bailed. Thankfully I have gains in everything else I've owned for many years, and can use those losses when I cash out. I put what was left into defense companies like Raytheon, which has performed reasonably well, and a few IT companies I've owned for years.
I didn't come back to gloat about that I just thought I owed it to anyone who followed my posts here for many years to suggest a way out. Depending on how you look at it (because I've owned GD for about as long, and that has profited nicely from Bombardier's misfortuned and should continue to do so) I haven't yet recovered everythinig I lost by investing in Bombardier for more than a couple of decades, but at least things are growing, and that's a much better feeling than all the years of suffering with little more than promises of maybe next year...
Unlike Bombardier, Gulfstream earns high margins on its business jet division and is generally expected to continue doing so. GD recently purchased a competing IT tech company to make itself a major player in that space. Bombardier in contrast gets it's IT needs from CGI group. It's a direction Bombardier could profit from if it could afford such a move. Eventually, all aerospace products and indeed, most manufactured products period, will incorporate significant IT software, digital services, etc...If you aren't moving forward in this area, you're falling behind.
And for you dividend lovers, GD just raised it's annual dividend another 10.7%. The increase each year nearly makes up for the 15% withholding, but then you get credit for that on income tax Canadian taxes. Raytheon is expected to follow suit in a week or so, and the world can't get enough missiles.
I was a believer in CSeries, but Bombardier has sold off so many partnerships that even success in this area would be severely diluted. And the company remains highly leveraged and remains highly vulnerable to any new problems.
Good luck my friends. I wish I could offer you more than a suggestion for a way out. But defence is not only an area that, as retired military, I enjoy following, it's one that's a lot less likely to let you down in any market mayhem or economic downturn.