DissapointedNo doubts that Bombardier had an excellent 2nd quarter. Difficult to do better. However I am very dissapointed in a gain of only $2.44 which translate in a gain of only 10 cents prior to the RS. When the stock was at $1.25 per share, a gain of ten cents up or down was a matter of normal daily variation.
Prior to the RS, with such a positive quarter, the stock would have easily gone up 25 to 30 cents and likely close at around $1.50. Consequently applying the 25 to 1 RS ratio this should translate in a gain of about $6, not $2.44.
I guess it shows that the market has still very little trust in the long term performance of Bombardier.
This result further justify my concerns about Reverse Splits in general. By personal experience, I have never own a stock that did better after a RS. Maybe it is just bad luck.