Tim James TD Web broker...Although Bombardier has largely been shielded from supply chain and inflationary challenges, we believe that the mere presence of this environment and its risk to global industrial cost structures and equity valuation multiples will result in a lower than previously anticipated trading multiple over the next 12 months. Regardless, the business jet cycle is strong, with evidence just this week from Gulfstream and Cessna. As a result, we remain positive on Bombardier , and believe that its ongoing turnaround and pending deleveraging will reward shareholders.