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Bombardier Inc. T.BBD.A

Alternate Symbol(s):  BDRPF | T.BBD.PR.B | BDRXF | T.BBD.PR.C | T.BBD.PR.D | BOMBF | BDRAF | T.BBD.B | BDRBF

Industrials Aerospace & Defense
Bombardier Inc. is a Canada-based manufacturer of business aircraft with a global network of service centers. The Company is focused on designing, manufacturing and servicing business jets. The Company has a worldwide fleet of more than 5,000 aircraft in service with a variety of multinational corporations, charter and fractional ownership providers, governments and private individuals. It operates aerostructure, assembly and completion facilities in Canada, the United States and Mexico. Its robust customer support network services the Learjet, Challenger and Global families of aircraft, and includes facilities in strategic locations in the United States and Canada, as well as in the United Kingdom, Germany, France, Switzerland, Austria, the United Arab Emirates, Singapore, China and Australia. The Company's jets include Challenger 350, Challenger 3500, Challenger 650, Global 5500, Global 6500, Global 7500 and Global 8000.


TSX:BBD.A - Post by User

Bombardier Inc.
Bullboard Posts
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(16)
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Comment by MOJOJONOon Feb 18, 2020 7:19pm
121 Views
Post# 30705579

RE:RE:RE:RE:Any reason to retire the preferreds

RE:RE:RE:RE:Any reason to retire the preferredsYes, the Lowes/Rona deal really screwed with Rona Preferred Shareholders.

BBD's preferreds are interesting. I stay away from Series 4 (BBD.PR.C) because it has forced conversion clause into BBD.B shares using a formula and can also be replaced with a new Series of preferred shares the company creates.

Series 2 + 3 does not have any of this baggage and is a play on either the Prime Rate (Series 2) or basically a 5 year reset linked to a Gov't Canada bond rate (Series 3).

I've noted on here and elsewhere that some entity has been buying Series 2 + 3 from the bottom after the mid-Jan news. Volume has been much higher than normal.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities