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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

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

Comment by clubhouse19on Apr 05, 2022 1:58pm
241 Views
Post# 34577528

RE:RE:Bombardier

RE:RE:Bombardier English translation

Thanks for the link

Bombardier (BBD.B, $1.43): A more attractive stock

Scotiabank analysts hosted an investor meeting with Bombardier Senior Vice President and Chief Financial Officer Bart Demosky following the company's announcement to consolidate its shares at a ratio that will fluctuate between 10 for one and 30 for one.

"The main thing that came out of this meeting is that Bombardier is not reporting any headwinds related to Russia's invasion of Ukraine, supply chain issues or inflation," notes the analyst. Konark Gupta.

The latter believes that the company is in a good position to deliver on its short and long-term objectives. "We believe the consolidation will significantly reduce share price volatility and attract longer-term investors," he said.

The analyst anticipates that the consolidation ratio will be closer to 10 to one, given that two other companies in the sector, Air Canada and CAE, respectively have between 200 and 300 million and between 300 and 400 million shares outstanding.

“Bombardier is also in a good position to advance its long-term debt repayment plan by one year. After making a repayment of 3 billion dollars (B$) in 2021, the company paid an amount of 400 M$ in the first quarter of 2022, for a total decrease of 34% of its long-term debt of 10.1 B$ (at the end of fiscal year 2020)”, he notes.

Konark Gupta adds that the company has almost achieved its goal of reducing the cost of its Global 7500 devices by 20% between its fiftieth and its hundredth delivery, after reducing the manufacturing cost of the device by 40% before the fiftieth delivery. . Bombardier delivered its hundredth aircraft in March to its customer VistaJet.

The analyst maintains his “outperform” recommendation on the stock and his one-year target price of $2.35. He argues that investors should take advantage of the stock's recent price volatility to buy it, as he sees potential upside to $3.50 in two to three years regardless of future consolidation.

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